This striking 1912 issue features a Republican overprint on a 1 cent ochre stamp from the Coiling Dragon series, originally engraved and printed by Waterlow & Sons Ltd. in London. The original design, created by R. A. deVillard, depicts a dynamic imperial dragon coiled within a medallion, surrounded by a delicate network of guilloché lines and framed by both Chinese and English inscriptions. In the aftermath of the Xinhai Revolution and the fall of the Qing Dynasty, the new Republic of China overprinted this issue with bold red characters reading “中華民國” (Zhonghua Minguo), denoting the newly established republic, along with a black surcharge raising the face value to 10 cents. The overprint is executed in Kai-style regular script (楷書), a more formal style than the Sung-character variants of earlier months. This example bears a complete black cancellation from Amoy (廈門), dated "13 MAR", providing valuable postal history context from one of China's most important treaty ports. The back of the stamp exhibits scattered toning and partial ink bleed-through, but no significant structural damage. It is catalogued as Michel CN-IM 110, Scott CN-IM 164, Yvert et Tellier CN-IM 98A, Stanley Gibbons CN-IM 219, and China Stamp Society CN-IM 200. As a transitional issue marking the emergence of Republican China, it holds significant historical and philatelic value. Estimate "$30 – 50"