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: 5-Yuan, 4 October 1914, serial no.P086878, Yuan Shih-Kai 袁世凱 at centre (P 34). Very fine and scarce.

Estimate: US$2,500-3,000