Watch List notes:

BANKNOTES, 紙鈔, CHINA - REPUBLIC, GENERAL ISSUES 中國 - 民國中央發行,Bank of China 中國銀行: Specimen 1-Yuan, September 1918, Shanghai 上海, serial no.00000, red "SPECIMEN" overprint and punch-hole cancellation, extra wide lower margin, printer ABNC (P 51s2). In PMG holder graded Gem Uncirculated 65EPQ.

Estimate: US$400-500