Watch List notes:

BANKNOTES, 紙鈔, CHINA – TAIWAN, 中國 - 台灣, Bank of Taiwan 臺灣銀行: 100-Yen, ND (1937), serial no.{2}038469 (P 1928a). Tiny pieces missing from upper and lower corner, 3mm edge tear at centre of lower margin, otherwise extremely fine.

Estimate: US$200-250