Watch List notes:

BANKNOTES. CHINA - PUPPET BANKS. Puppet Banks: An Assortment of Notes (41), Central Bank of Manchukuo (8), including 5-Chiao, ND (1944), cutting error (P J134), Central Reserve Bank of China (15), Federal Reserve Bank of China (16), Mengchiang Bank (2). The Error 5-Chiao and several others extremely fine, the rest uncirculated.
(41pcs)

Estimate: US$300-400