Watch List notes:

Peking, China, Federal Reserve Bank of China, one dollar, 1938, series A, "vulgar wiseman" issue. SCWPM-J54a, Smith-Matravers-C286-10. Serial R0490999. Very popular issue known as the "obscene gesture" or "vulgar wiseman" note showing Confucius displaying an obscene gesture with his hands towards the Japanese Army occupiers. Pressed VF with center edge splits repaired with tape and vivid ink (some are known with light or faded coloring). (Estimate: $150 - 225)