Released during the early Republican period of China in 1912, this 1 cent stamp belongs to the Coiling Dragon series bearing a red Kai-style overprint (中華民國) denoting "Republic of China." Printed using gravure by Waterlow & Sons Ltd, the ochre-colored stamp features a curled imperial dragon surrounded by decorative elements and inscriptions in both Chinese and English. The stamp served as a definitive low-value issue used for domestic and international postcards. It reflects the transition from imperial to republican iconography, underscored by the overprint. This specimen shows a circular postmark and hinge remnants on the reverse. Catalog numbers include Michel CN-IM 110, Scott CN-IM 164, Yvert CN-IM 98A, SG CN-IM 219, and CSS CN-IM 200. Estimate "$50 – 80"