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: Specimen 100-Yuan, 1949, serial no. 000000, brown and black, donkey train with factories behind at left centre, red "票樣" overprint (P 836). Choice extremely fine.

Estimate: US$200-250