Watch List notes:

TIBET: AR 3 srang, BE16-10 (1936), Y-26, L&M-658, Autonomous Tibetan issue, snow lion facing left in center with Himalayan range behind with two suns above and ornament below, with legend dga' ldan pho brang phyogs las rnam rgyal in eight syllables between inner circle and an outer circle of pearls arranged in groups of two syllables, separated by Buddhist emblems: pair of fish, conch, endless knot and parasol // rab byung bcu drug lo bcu srang gsum ("cycle sixteen, year ten, three srang") between inner and outer circle of beads arranged in three groups of two syllables separated by Buddhist endless knots, a lovely example! NGC graded MS63.

Estimate: 300-400 USD