China
Kiau Chau. German Occupation 5 Cents 1909 MS63 PCGS, Berlin mint, KM1, Kann-873. A popular issue whose star has risen significantly in recent years, and one that comes hotly contested when seen in Choice Mint State designations and finer, embellished by a satiny luster pervading this small emission.
https://coins.ha.com/itm/china/kiau-chau/china-kiau-chau-german-occupation-5-cents-1909-ms63-pcgs-/a/3100-35154.s?type=DA-DMC-CoinArchives-WorldCoins-3100-07072022
HID02906262019
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Estimate: 1000-1500 USD