Watch List notes:

People's Bank of China, 1st series renminbi, 1949, 50 yuan, 'Train', II X I 8984673 and 200 yuan, 'Steel Smelting' III V IV 67123194,(Pick 829b, 840a), the first note good with multiple holes, the second graded PMG 40 Extremely Fine (2).

Estimate: HK$2,000 - HK$3,000