Watch List notes:

China (People's Republic), gold 1 oz proof official Panda issue, 1987, New Orleans International Investors Conference, NGC PF 70 Ultra Cameo ("top pop"). KM-XMB14; PAN-62A. One of only twelve pieces at MS 70 in the NGC census (labeled as a MEDAL). Mintage: 3,000 (planned; actual and surviving unknown). While the text on this piece mentions SINO-AMERICAN FRIENDSHIP, the occasion for its release was the 1987 New Orleans International Investors Conference, unfortunately misattributed in KM as "96th American Numismatic Association Convention - New Orleans" (the ANA that year was in Atlanta). Pedigreed to the Gansu Collection of Chinese Panda Coinage.

Estimate: $2000 - $3000