Watch List notes:

BANKNOTES, 紙鈔, CHINA - PEOPLE'S REPUBLIC, 中國 - 中華人民共和國, People's Bank of China 中國人民銀行: Yuan (2), 1949, serial no. 7511057, workers sawing at left, farmer ploughing with ox at right 鋸木與犁田, and serial no. 21891106, steam passenger train in front of factory at left 火車; 100-Yuan (2), 1949, serial no. 03073634, ship dockside at right 輪船, and serial no. 3682169, donkey train with factories behind at left centre 馱運; 500-Yuan, 1949, serial no. 40618701, tractor ploughing at left 收割機 (P 815, 817, 831, 836, 846). Generally uncirculated.
(5pcs)

Estimate: US$900-1,200