Issued in 1902 during the Second London Print of the Coiling Dragon series, this 10 cent dark green stamp was produced by Waterlow & Sons Ltd. using gravure printing and lacks a watermark, distinguishing it from earlier versions. Measuring 22 × 25 mm with variable perforation, the stamp features the imperial coiling dragon—a symbol of sovereignty and divine rule—used during the Qing Dynasty’s final phase of modernization. The 10 cent denomination was applied to higher domestic and international rates, often carried aboard treaty port mail routes. Notably, this example bears a rare red overprint on the reverse, an uncommon characteristic likely tied to archival or internal postal handling, adding intrigue and specialized collector value. This issue is cataloged as Michel CN-IM 65, Scott CN-IM 116, Stanley Gibbons CN-IM 127, Yvert et Tellier CN-IM 67, and China Stamp Society CN-IM 125. Condition Mint never hinged with full original gum, strong color, clean margins, and clearly visible red OVP on reverse. Estimate "$130 – 160"