Watch List notes:

TIBET: AR 5 sho (9.11g), Mekyi mint, year 16-1 (1927), Y-18.1, YZM-424, Autonomous Tibetan issue, large snow lion looking backwards with star and three ornaments within small circle to which eight lotus petals are attached, each contains one syllable of the legend dga' ldan pho brang phyo(gs) las rnam rgya l ("The Ganden Palace, victorious in all directions") // triratna (triple gem) at center, surrounded by circle with legend around: rab byung 16 lo 1 zho lnga ("cycle 16 year 1, five sho"), this surrounded by a circle to which eight lotus petals are attached, each containing one of the eight Buddhist auspicious emblems, PCGS graded EF40, R, ex George Anderson, Wesley Halpert Collections (Spink Auction New York 11 Dec 2000 Lot 157).

Estimate: 300-400 USD