Watch List notes:

TIBET: AR ¼ rupee, Chengdu, ND (1904-12), Y-1, L&M-362, Szechuan-Tibet trade issue, small portrait of the Chinese emperor Guang Xu without collar // horizontal rosette at center, PCGS graded XF40. This design is derived from the British Indian rupee of Queen Victoria. On the reverse is the Chinese inscription si chuan sheng zao ("made in Sichuan"), with branches with cusps and flowers around, a feature also derived from the reverse of British Indian rupees.

Estimate: 400-500 USD