Watch List notes:

BANKNOTES. CHINA - REPUBLIC, GENERAL ISSUES. Bank of China: Uniface Obverse Proof $50, 1 June 1913, purple, Emperor Huang Ti at left, large building a right, punch-hole cancelled and mounted on card stock, ABNC Archive proof (P 32A). Minor peeling in right vignette, about uncirculated and rare.

Estimate: US$800-1,000