Watch List notes:

Central Bank of China, Unlisted Essay Banknote, 1949 Gold Chin Yuan Issue. China. 1949. 50,000 Gold Yuan. Series 1A. P-Unlisted (PMG gave it the designation of P-420Apef and P-420Apeb. Uniface front and back specimen banknotes in green. CKS in center. Specimen overprint and POC with back of each with "Approved for Production L-4 - Color O.K. 4-12-49". Face PMG graded Superb Gem Uncirculated 67 EPQ (Exceptional Paper Quality), back is graded Superb Gem Uncirculated 68 EPQ. Horizontal note. Rare high denomination essay banknote in superb grade, possibly the finest known and almost impossible to improve upon. SBNC.

Estimate: 12000 - 23000