Watch List notes:

TIBET: AR 5 sho, BE15-50 (1916), Y-18, Autonomous Tibetan issue, small snow lion looking upwards with sun and three ornaments within small circle to which eight lotus petals are attached, each containing one syllable of the legend dga' ldan pho brang phyo(gs) las rnam rgyal ("The Ganden Palace, victorious in all directions") // triratna (triple gem) at center, surrounded by circle with legend around: rab byung 15 lo 50 zho lnga ("cycle 15, year 50, 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 EF45.

Estimate: 400-600 USD