New Zealand
George V Proof 1/2 Crown 1935, KM5, PF64 ANACS. Mintage of 364 pieces in Proof. Lovely sepia toning. Initials "KG" appear to the right of the date indicating Kruger Grey. From one of the Waitangi sets of that year. Krause catalog price(s) for this item: $40 in VF, $110 in EF, $350 in UNC, $650 in BU.
Estimate: 600-800 USD