JAPAN. Bank of Japan. 20 Yen, ND (1917). P-37. PMG Very Fine 25.
The highest denomination for this Convertible Gold Note series and one that seldom appears in any state of preservation at auction. Portrait of Sugawara Michizane at right with ornate red protector, center. Back, Kitano Shrine. PMG mentions "Splits," in the comments section of the holder which are observed at left and top center. PMG Very Fine 25.
Estimate: $1500.00- $2500.00