Watch List notes:

World Currency
Japan Greater Japan Imperial National Bank, Nagahama 2 Yen ND (1873) Pick 11 PMG Very Fine 20. Although all varieties of this denomination are rarely seen today, this type, issued through the Nagahama branch of the Imperial National Bank, is especially uncommon. Nagahama is located in South-Central Japan, and notes issued there were easily overshadowed by Tokyo or other large city emissions. Only standard circulation is seen on this pretty 19th century banknote. The warriors of the Middle Ages, Kojima Takanori and Nitta Yoshisada, are depicted at front and the Imperial Palace in Tokyo is engraved on the back of this scarce and desirable banknote. https://currency.ha.com/itm/world-currency/japan-greater-japan-imperial-national-bank-nagahama-2-yen-nd-1873-pick-11-pmg-very-fine-20/a/4034-26435.s?type=DA-DMC-CoinArchivesCurrency-WorldPaperMoney-4034-12112021 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved

Estimate: 3200-4800 USD