China
People's Republic of China. Phoenix and Dragon gold Proof 200 Yuan 1990 PR69 Deep Cameo PCGS, KM320. A superb, near-flawless, example of this popular issue. The fields are deeply mirrored and the devices could not be more heavily frosted. It would be hard to imagine a finer example. Mintage of only 2,538 examples, of which this must be one of the finer surviving pieces.
Estimate: 9000-11000 USD