Watch List notes:

BANKNOTES, 紙鈔, CHINA - MILITARY ISSUES, 中國 - 軍事發行, Provincial Army-note of Shantung 山東省軍用票: Yuan (3), 1 October 1926, serial nos.C3221303, C3370612 and C0420632 (P S3939). Very fine, extremely fine with water stains and about uncirculated.
(3pcs)

Estimate: US$350-450