Watch List notes:

YUNNAN: Republic, AR liang (tael), ND (1943-44), KM-A2a, L&M-433, Lec-324, Kann-940, struck for use in the French Indo-China opium trade, Chinese character fu ("wealth") at center // denomination in Laotian and Chinese, bold lustrous strike! PCGS graded AU55.

Estimate: 6,000-8,000 USD