Watch List notes:

EAST HOPEI: Autonomous Council, 1935-1938, AE 5 li, year 26 (1937), Y-516, CL-MG.161; Duan-3461, Japanese Puppet State issue, PCGS graded MS63 BR. The East Hopeh government was absorbed into the collaborationist Provisional Government of China in December 1937, then disestablished on February 1, 1938.

Estimate: 150-250 USD