Watch List notes:

Guangdong Quartermaster Bond, Second Series, a group of 10x bonds, consists of 5x 10 yuan, and 5x 5 yuan, Year 20 (1931), serial numbers 123819, 301094, 259097, 257122, 120116, 561554, 561553, 561552, 561551 and 561550,(Pick unlisted), extremely fine to about uncirculated, mild foxing, well preserved (10)..

Estimate: $800.00 - $1,400.00