Watch List notes:

China (People's Republic), gold 25 yuan (1/4 oz) proof Panda, 1990-P, NGC PF 67 Ultra Cameo, ex-Gansu. KM-270; PAN 126A. Sharply struck on both sides. Mintage: 5,000 (planned; actual and surviving unknown). Pedigreed to the Gansu Collection of Chinese Panda Coinage.

Estimate: $350 - $500