Watch List notes:

MANCHUKUO: K'ang Te, 1934-1945, copper-nickel chiao, year 6 (1939), Y-8, JNDA-20.1, Japanese Puppet State; gorgeous examples, with glistening proof surfaces, hint of russet toning, NGC graded Proof 65, RR, ex Daniel K Ching Collection. An example graded PR65 by NGC sold for $4600 at Heritage Signature Sale 3051, Lot 30419; the only other one on CoinArchives, PR64 by NGC, sold for $4000 at Stephen Album Auction 25, Lot 878.

Estimate: 3,000-4,000 USD