Watch List notes:

People's Bank of China, 2nd series reminbi, 1953-1956, 1 fen, ERROR NOTE, serial number VIII VIII IX, miscut, both the obverse and reverse designs markedly deviated from normal,
(Pick 860b), PMG 62EPQ Uncirculated. Please note PMG does not state this note as an error.

Estimate: 1500 - 3000