Watch List notes:

JAPAN: Heisei, 1989-2019, AV medal (200.0g), year 6 (1994), 50mm, Japan Racing Association (JRA) Gold Medal, issued medal marked as 199.40g of pure gold, horse head left within horseshoe wreath // inscription on matte finished planchet, Proof. The Japan Racing Association is a public company established to operate Chuo Keiba (Central horse racing) and to manage racecourses, betting facilities, and horse-training facilities. It was founded in 1954 and is operated under the strict oversight of the Ministry of Agriculture, Forestry and Fisheries of Japan.

Estimate: 12000-14000 USD