Cochin China - Vietnam

This is an example of the second issue of the Sapeque of French Cochin China. Struck in Paris in 1879 it replaced a temporary issue composed of a 1 Centime of France (Y#41) with a center hole punch from the mint at Bordeaux. A literal reading of the reverse would seem to indicate 2/1000 for the denomination which has been interpreted as 2 Sapeque, this is incorrect, it's a 1 Sapeque piece that replaced the smaller center punched Sapeque of 1875 (K).