This 1 cent ochre stamp from the 1912 Coiling Dragon issue of the early Republic of China features an overprint in red Sung characters reading “Republic of China,” applied to the previous imperial issue following the fall of the Qing dynasty. The stamp was printed using gravure by Waterlow & Sons Ltd. in conjunction with the Customs Statistical Department in Shanghai. Measuring approximately 22 x 26 mm, it shows the imperial dragon surrounded by traditional Chinese motifs, symbolizing power and cultural heritage. It is perforated between 13½ and 14 and issued without watermark. The block of eight is cancelled with a distinct and well-centered circular postmark from Shanghai dated 1912, reflecting its usage during the immediate transition from imperial to republican rule. This issue is cataloged as Michel CN-IM 95 I, Scott CN-IM 147, Yvert et Tellier CN-IM 84, Stanley Gibbons CN-IM 193, and China Stamp Society CN-IM 185a. Condition VF used block with strong red overprints and excellent strikes of cancellation. Estimate "$120 – 150".