China
Chihli. 5 Cents Year 22 (1896) XF45 PCGS, Pei-yang Arsenal, Kann-185, L&M-443, KM-Y61. Deeply toned, with full, sharp devices and typical crude engraving of this mint. Very rare with only a very small number of pieces made, in all denominations.
Estimate: 3000-3500 USD