Watch List notes:

NGC MS62+ | Japan, Meiji, Mutsuhito, Gold 20-Yen, Year 3 (1870), Osaka, Dragon in beaded circle, date and value in surrounding legend, rev. central sunburst with military flags, chrysanthemum above and paulownia crest below, edge milled, 33.41g, 12h (JNDA-01-1; JV-L1; Fb. 45; KM. Y13), light honey-orange tone overlying lustrous and occasionally blazing original surfaces, a most pleasing extremely fine, an excellent example of this highly sought after 'first year of issue', only 46,139 struck, but few extant, rare thus, in NGC holder, graded MS62+ (Cert. #6295567-001).

Estimate: £30000 - £40000