The dragon is the fifth of the twelve animals associated with the Chinese lunar calendar. People of Chinese, Korean, Vietnamese, Tibetan, and Mongolian heritage celebrate the Lunar New Year. Clarence Lee, an American of Chinese descent, combined calligraphy with a paper-cut dragon in an intricate arrangement in the design of this stamp.
Sterling Sommer printed 56 million stamps in panes of twenty in the offset process with microprinting "dragon."
Reference: Postal Bulletin (December 16, 1999).
Scott Catalogue USA: 3370
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Museum ID: 2000.2020.807