FRANCE - FRANCE Third Republic (1870-1940). Proof of 5 centimes, design by T. Michelin 1892, Paris. Av. Around the central square perforation, with round perforation: a crown formed by a palm and a laurel branch and above a rooster to the right. Rv. Around the central square perforation, with round perforation: 5 / T / M / SILVER and (date). GEM.cf. 261.2 (perf. square) - Maz.cf. 2325 (perf. square) - VG.cf. 4171 (perf. square); Silver - 17,3 mm - 12 h Top Pop: the most beautiful graded example! NGC MS 65 (3160169-004). An unusual (?) variety with a round central perforation! An illegible punch (horn?) and offset on the edge at 8 o'clock on the reverse. Nice patina with bluish highlights. Almost corner flower.