Watch List notes:

China. Japanese Puppet Banks. Central Reserve Bank of China. 100,000 Yuan. 1945. P-J43a. No. C/B 795285 F/T. Watermark: cloud forms. Red-violet on pale green. Sun Yat-sen portrait at center; his Mausoleum back center. PMG Choice Uncirculated 64..

Estimate: $2000-2500