Watch List notes:

Yunnan National Pacification Army, 5 yuan, 1917, serial number 30397, grey-green on green, Chinese character for 'Five' at each corner, 5 red stamps, reverse purple-pink, large stamp at centre,(Pick S3959), PCGS Banknote Grading 63OPQ Choice Uncirculated. Very rare.

Estimate: HK$13,000 - HK$20,000