Watch List notes:

China (People's Republic), gold 5 yuan (1/20 oz) Panda, 2000, mirrored ring (Shanghai mint), NGC MS 69. KM-1302; PAN-330B. Key coin with very low population estimate, only two higher at MS 70 in the current NGC census, called by Anthony "quite possibly the rarest of all major Panda varieties." In this year the differentiation between mints is made by the version of the outer ring; mirrored means Shanghai and frosted means Shenyang (none made at Shenzen Guobao). The mirrored-ring Pandas were intended for distribution only in China, hence they are all somewhat rare outside that country. Actual mintage for both mints: 41,837; estimated extant population for this variety