Issued on January 28, 1898, this 1 cent stamp from the First London Print Coiling Dragon series represents a key milestone in China's postal modernization under the Qing Dynasty. Printed in ochre by Waterlow & Sons Ltd. in London using gravure printing, the stamp features the coiling dragon, a traditional imperial symbol denoting authority and cosmic order. Measuring 22 × 25 mm, it bears the distinctive Yin-Yang watermark and was produced with variable perforations. This 1 cent value was a standard rate for domestic letters and played a central role in the widespread implementation of structured postal rates. It remained in circulation until April 1, 1914, and replaced earlier Large Dragon and Dowager issues, contributing to a unified postal identity in imperial China. Cataloged as Michel CN-IM 48, Scott CN-IM 99, Stanley Gibbons CN-IM 109, and China Stamp Society CN-IM 114. Condition Mint hinged with clean gum, vivid ochre tone, and well-balanced margins. Estimate "$95 – 120"