Watch List notes:

BANKNOTES, 紙鈔, CHINA - REPUBLIC, GENERAL ISSUES 中國 - 民國中央發行,Farmers Bank of China 中國農民銀行: 20-Yuan (6), 1940, consecutive serial nos.F423683-423688, blue, worker by houses along river (P 465). Light tone spots in margins, otherwise uncirculated.
(6pcs)

Estimate: US$1,000-1,200