Watch List notes:

Hulunpeierh Official Currency Bureau 1919 Issue. China, 100 Yuan, P-S1892M, S/M#H157-35, Issued banknote, Olive gray and orange underprint, back red on light green, S/N 4981, Choice XF to AU. Extremely attractive note rarely seen at auction and the first example handled by us.

Estimate: 10000 - 19000