Coat of Arms - Watermarked 1890
Now showing: Shanghai - Postage stamps - 1890 - Coat of Arms - Watermarked - 10 stamps.
1890 -1892
Coat of Arms - Watermarked
WM: 1 Perforation: 12
![[Coat of Arms - Watermarked, type M8]](https://www.stampworld.com/media/catalogue/Shanghai/Postage-stamps/M8-s.jpg)
| No. | Type | D | Color | Description |
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| 90 | M | 2C | brown | - | 2.08 | 2.08 | - | USD |
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| 91 | M1 | 2C | green | - | 3.12 | 2.08 | - | USD |
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| 92 | M2 | 5C | rose | - | 6.25 | 6.25 | - | USD |
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| 93 | M3 | 5C | vermilion | - | 8.33 | 6.25 | - | USD |
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| 94 | M4 | 10C | black | Perf: 15 | - | 10.41 | 8.33 | - | USD |
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| 95 | M5 | 10C | orange | - | 12.50 | 15.62 | - | USD |
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| 96 | M6 | 15C | blue | Perf: 15 | - | 12.50 | 12.50 | - | USD |
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| 97 | M7 | 15C | violet | - | 12.50 | 10.41 | - | USD |
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| 98 | M8 | 20C | violet | Perf: 15 | - | 10.41 | 10.41 | - | USD |
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| 99 | M9 | 20C | brown | - | 12.50 | 12.50 | - | USD |
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| 90‑99 | - | 90.60 | 86.43 | - | USD |
