CHINA. 20 Yuan, 1990. Dragon & Phoenix Series. NGC PROOF-69 Ultra Cameo.
KM-318. Mintage: 5,000. This wonderful example of the beautifully designed type presents a charming strike and nearly flawless technical precision. The crisp cameo nature is certain to appeal to all who love the dragon and phoenix series. Close inspection of the obverse reveals a few small unobtrusive white spots mentioned for accuracy. Otherwise the surfaces are free of tone, haze or fog.
Estimate: $900 - $1300