Watch List notes:

China, Republic, Xiao Yaonan Commemorative Medal, made by Wuchang mint, 1921-22, silver enameled, portrait of Xiao Yaonan on obverse with Chinese name and title at top, reverse with Chinese mint name at top, with riband, minor toning, good enamel, well preserved, good very fine and scarce..

Estimate: 8000 - 16000