Watch List notes:

CHINA, Zhōnghuá Sūwéi'āi Gònghéguó (Soviet Republic of China). 1931-1937. AR 20 Cents (23mm, 5.41 g, 1h). Dated 1933. Crossed hammer and sickle on globe within earts of grain; star above / Denomination. L&M 895; KM (Y) 508. Light golden toning with hints of luster, usual areas of weak strike. EF.

From the Todd Hansen Collection. Ex Hong Kong Auction 27 (3 September 1998), lot 327.