Watch List notes:

BANKNOTES. CHINA - REPUBLIC, GENERAL ISSUES. Bank of China: Specimen 1-Yuan, 1939, Liao Chung-Kai at left, red serial no.00000, red “SPECIMEN” overprint twice and punch-hole cancellation, printer American Bank Note Company (P 81As). Uncirculated and very attractive.

Estimate: US$2,000-2,500