Issued on May 1, 1912, this 10 cent ultramarine stamp from the early Republic of China features the Coiling Dragon design overprinted with Kai-style regular script characters, symbolizing the transition from imperial to republican governance. Designed by R. A. deVillard and printed using gravure printing by Waterlow & Sons Ltd, the stamp showcases refined engraving techniques and careful typographic adaptation. As part of the revised definitive series, it replaced the earlier Sung-character overprints, offering improved legibility and aesthetic clarity. The 10-cent denomination served higher domestic and foreign postal rates. This issue is catalogued as Michel CN-IM 116, Scott CN-IM 170, and Stanley Gibbons CN-IM 225. A well-centered, lightly hinged example with fresh color and full gum, it reflects the symbolic and historical importance of China's philatelic modernization. Estimate "$55 – 70"