Watch List notes:

BANKNOTES, 紙鈔, CHINA - REPUBLIC, GENERAL ISSUES 中國 - 民國中央發行,Bank of Communications 交通銀行: Specimen 5-Yuan, 1 December 1920, Harbin 哈爾濱, serial no.000000, red "SPECIMEN" overprint and punch-hole cancellation, extra-wide upper margin printed "HARBIN 5 YUAN F8216", printer ABNC (P 129s). Uncirculated and very scarce.

Estimate: US$1,200-1,500