Watch List notes:

CHINA: Republic, AR medal, ND (1920), L&M-955, small leaves, 3/4 frontal bust of General Ni Sichong in military uniform // an wu jun ji nian ("Anwu Army commemoration"), lustrous with light iridescent toning, the highest PCGS-graded example, PCGS graded AU58, ex Charles Opitz Collection.

Estimate: 400-600 USD