China
People's Republic silver Proof Panda 100 Yuan (12 oz) 1992 PR69 Ultra Cameo NGC, KM399, Cheng page 111, #1, Pan-180A. Housed in an NGC jumbo holder. A superb example, with no distracting flaws and bold cameo contrast. Mintage of 2,500 pieces. None have been certified finer.
Estimate: 1000-1200 USD