Watch List notes:

China (People's Republic), silver proof 100 yuan (12 oz) Panda, 1988, NGC PF 69 Ultra Cameo. KM-189; PAN-77A. The first 12-oz silver Panda coin (i.e., denominated), less rare than later dates but "it is quite beautiful and is hardly a common coin" (Anthony). Mintage: 5,000 (planned; actual and surviving unknown). Pedigreed to the Gansu Collection of Chinese Panda Coinage.

Estimate: $600 - $900