Watch List notes:

BANKNOTES, 紙鈔, CHINA - REPUBLIC, GENERAL ISSUES, 中國 - 民國中央發行, Farmers Bank of China 中國農民銀行: 20-Yuan (10), several runs of serial numbers, blue, worker by horses along river (P 465). Tone spots in margins, otherwise uncirculated.
(10pcs)

Estimate: US$1,200-1,500