Watch List notes:

China: Set with 8 banknotes 1946-1948 series comprising for the BANK OF BAI HAI 100 Yuan 1946 SHANTUNG P.S3604 (VF+), 2x 100 Yuan 1946 SHANTUNG with large and small serial number P.S3609 (XF+, aUNC), for the BANK OF PEI HAI 500 Yuan 1947 P.S3620b (VF), 500 Yuan 1947 SHANTUNG P.S3620D (F), 200 Yuan 1948 SHANDUNG P.S3621 (UNC), 500 Yuan 1948 SHANTUNG P.S3622 (F) and 500 Yuan 1948 SHANTUNG P.S3622A (VF). Very nice and rare set! (8 pcs.)
[taxed under margin system]