Watch List notes:

BANKNOTES, 紙鈔, CHINA - REPUBLIC, GENERAL ISSUES, 中國 - 民國中央發行, Bank of China 中國銀行: 5-Yuan, 4 October 1914, serial no.Q715943, Yuan Shih-Kai 袁世凱 at centre (P 34). Choice extremely fine, rare.

Estimate: US$5,000-7,000