Watch List notes:

Ming Dynasty Circulating Note 1368-99. 1 Kuan, P-AA10, S/M#T36-20, Issued banknote. 10 Strings of Cash Coins at top center on front and back center at bottom. 2 large red seals on face and one on back. Printed on dark gray mulberry paper. Fine to Choice Fine with a few small holes due to the type of paper used. This note came from a group of these notes that were discovered during the "Boxer Rebellion". The notes were printed by the "Hung-wu Emperor" to create a national currency. The legends on the notes cites the authority of Hung-wu, the punishment for counterfeiting and reward for informants. The term Kuan (Quan, Kwan) relates to the Quan system of money (silver bars). This is the earliest form of printed currency available in the world.

Estimate: 8000 - 16000