Watch List notes:

CHINESE SOVIET REPUBLIC: AR 20 cents, 1932, Y-508, L&M-894, nice grade for type, NGC graded AU58. The Chinese Soviet Republic, is often referred to in historical sources as the Jiangxi Soviet (after its largest component territory, the Jiangxi-Fujian Soviet). It was established in November 1931 by future Communist Party of China leader Mao Zedong, General Zhu De and others, and it lasted until 1937.

Estimate: 400- 600 USD