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Stack's Bowers & Ponterio
October 2020 Hong Kong Auction - Online  8-9 Oct 2020
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Lot 51320

Starting price: 60 USD
Price realized: 110 USD
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CHINA--PUPPET BANKS. Federal Reserve Bank of China. 20 Cents, 1938. P-J52a. PMG Choice Very Fine 35.
(S/M#C286-7). Printed by BEPP. A mid-grade example of this fractional puppet bank note. PMG comments "Tear Repair."

Ex Ward Smith Collection

Estimate: $100.00- $200.00
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