Watch List notes:

BANKNOTES, 紙鈔, CHINA - PROVINCIAL BANKS, 中國 - 地方發行, Chihli Province, Treasury Exchange Note 直隸省金庫兌換券: Yuan, 1928, serial no.0251262 (P S1241a). In PMG holder graded About Uncirculated 55 EPQ.

Estimate: US$300-400