Watch List notes:

CHINESE SOVIET REPUBLIC: AR 20 cents, 1933, Y-508, L&M-895, surface hairlines, NGC graded About Unc details. 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 the future Communist Party of China leader Mao Zedong, General Zhu De and others, and it lasted until 1937.

Estimate: 175- 225 USD