青岛20世纪初代用币。唯一获NGC或PCGS评鉴。正面为制服胸像，背面中央印"P.H."，边缘有铭文"WERT-MARKE 10 PFG"（10芬尼）。铸于柏林，德国殖民时期胶州代用币，直至1914年胶州被日本侵佔。镍铜合金製成，品相优于海瑞得拍卖行2012年9月长滩拍卖拍品编号26403的同款Dana Roberts旧藏，那枚钱币EF品相，较多经手痕迹，含佣售出$325美金。此拍品光泽亮丽，仅些微痕迹，评分客观。图文间及高位处有深色包浆。高等级中的珍品，外观赏心悦目。附老藏家原币封及简短介绍。
CHINA. Kiau Chau. 10 Pfennig Token, ND (ca. Early 20th Century). PCGS MS-62 Gold Shield。Menzel-4287.1.2. The only certified example listed on either the NGC or PCGS population reports. Obverse: uniformed bust facing forward; reverse: P.H. in center, "WERT-MARKE 10 PFG." ("good for 10 pfennig") around. Made in Berlin as a token for the German colony of Kiau Chau, which fell to the Japanese in 1914. Nickel plated brass. Vastly superior to the example from the Dana Roberts collection, EF with missing plating and many handling marks, (Heritage sale 3020, Long Beach, September 2012, lot 26403 where is sold for $325 plus the buyers fee). Lustrous with only trivial marks consistent for the grade displaying areas of deep patina amongst the devices and the high points. An elusive type in high grade with a great look. Includes old collectors envelope with brief description。
