CHINA--COMMUNIST BANKS. Dian-Kian-Gui Bianky. 5 Yuan, ND (1940). P-S3720. Very Fine.
Mao Tse Tung at right with anvil-shaped guilloche at left of center. What appears to be the outline of a hammer is seen swinging down from the left corner about to strike the anvil . The reverse of the note depicts farmers and a horse. The watermark is very interesting and displays a star within a circle, and "VN" at center.
From the Hobart Collection.
Estimate: $400 - $700