Watch List notes:

China (People's Republic), copper 5 yuan (31 mm), 1993, NGC MS 69 Red ("top pop"). KM-469; PAN-208A. Technically not part of the Panda series but featuring pandas in a similar artistic design, from a reportedly much higher mintage of 2,000,000 pieces, about 5,000 of which appear in the current NGC census (notably included in the "Panda Series"), in which this is one of only four at MS 69 (none finer). Anthony: "downright rare in MS-69." Pedigreed to the Gansu Collection of Chinese Panda Coinage.

Estimate: $600 - $900