Watch List notes:

China (People's Republic), gold 1/2 oz proof official Panda issue, 1994, Munich International Coin Show, NGC PF 69 Ultra Cameo. KM-XMB78; PAN-232A. Only nine higher at MS 70 in the current NGC census. As mentioned previously, there is confusion over the name of the show for which this issue was released, this year bearing the lettering MUNICH INTERNATIONAL COIN SHOW despite the show's proper name of NUMISMATA. In any case it was the only coin show in this year to receive Panda issues. Mintage: 1,500 (planned; actual and surviving unknown). Pedigreed to the Gansu Collection of Chinese Panda Coinage.

Estimate: $800 - $1200