Watch List notes:

People's Bank of China, 1st series renminbi, 1948-1949, 1 yuan, 'Black Factory', serial number I III II 11517349 and 10 yuan, 'Farmer and Factory Worker', I II III 98439651,(Pick 812 and 816), PMG 35 (Minor Rust) and 62 (Stain) respectively. 2 notes.

Estimate: 2000 - 3000