Issued on May 1, 1912, this 2 cent green stamp from the first definitive series of the Republic of China features the iconic coiling dragon design, now overprinted with four vertical Kai-style characters translating to "Republic of China." This overprint marked the formal postal transition following the fall of the Qing Dynasty. Designed by R. A. deVillard and printed by Waterlow & Sons Ltd. in London, the stamp was produced using gravure printing on unwatermarked paper and issued with variable perforations. The dragon motif, a holdover from imperial symbolism, reflects the era’s complex blend of continuity and change. It was widely used for domestic correspondence and is cataloged as Michel CN-IM 111, Scott CN-IM 165, and Stanley Gibbons CN-IM 220. Condition: Mint hinged with vibrant green color and well-preserved gum. Estimate "$30 – 40".