This 4 cent stamp from the Republic of China’s 1912 Coiling Dragon issue features a dramatic depiction of an imperial dragon coiled at the center, symbolizing imperial strength amidst political transition. Printed in vivid brick red, this engraved stamp was issued on March 24, 1912, shortly after the fall of the Qing dynasty. The stamp bears the distinctive four-character red overprint 中華民國 (Republic of China), applied vertically in Sung-style script to signify the birth of the new republic. Printed by the Custom Statistical Department in Shanghai in cooperation with Waterlow & Sons Ltd., the stamp lacks watermark and shows variable perforation. It is listed in major catalogs as Michel CN-IM 98, Scott CN-IM 150, Yvert et Tellier CN-IM 87, Stanley Gibbons CN-IM 196, and China Stamp Society CN-IM 188. The used condition includes visible cancelation and mild toning on reverse. Estimate "$15 – 20"