Watch List notes:

Central Bank of China, 1949 Essay Specimen Banknote. China, 1949, 500,000 Gold Yuan, Series OOA, P-Unlisted, (Given P-425Apef and P-425Apeb by PMG) (S/M#302). Uniface front and back specimen banknotes in green, CKS in middle, Red specimen overprint, "00000" serial numbers and POC. Choice to Gem Uncirculated, the back with light toning. Extremely high grade for this rare note that will be difficult if not impossible to improve upon. SBNC.

Estimate: 10000 - 19000