Watch List notes:

TIBET: AV 20 srang, Gser Khang mint, BE15-52, Y-22, Autonomous Tibetan issue, snow lion facing left, the words rab byung 15 ("cycle 15") above and lo 52 ("year 52") below, this surrounded by a circle around which the eight Buddhist auspicious emblems are arranged in the following order: parasol, pair of golden fishes, treasure vase, lotus flower, conch, endless knot, banner of victory, wheel of dharma // without dot at center of central circle, stylised wheel with eight spokes at center, surrounded by circle, outer circle contains the following legend: dga' ldan pho brang phyo(gs) las rnam rgyal tam srang 20 ("the Ganden palace, victorious in all directions, 20 tam srang"), PCGS graded MS63+. Most if not all Tibetan gold coins of 20 tam srang were struck between 1918 and 1921 in the Gser Khang mint, which was located in the western part of Lhasa near the summer residence of the Dalai Lama, the Norbu Lingka. The meaning of gser khang is "gold house." There exist gold coins of the dates 15-52 and 15-54 which feature a small bead in the center of the reverse and others which are without this bead. It is possible that this mark served to distinguish the issues which were struck by Tsarong from those which were struck by the Tibetan Government. This example struck from the same dies as Heritage World Coin Auction 3061, Lot 31581.

Estimate: 4,000-5,000 USD