Watch List notes:

YUNNAN: Republic, AR tael (liang), ND (1943-44), KM-A2a, L&M-433, struck for use in the French Indo-China opium trade, Chinese character fu ("wealth") at center // denomination in Laotian and Chinese, bold strike with frosty luster and light rainbow toning, NGC graded MS64.

Estimate: 2,200-2,400 USD