Watch List notes:

Republic of China, a group of 4x private issue, consists of Fangong Village, 5 fen, Rongli Motor Company, 5 fen, Hong Shang, 3 fen, and Yuan Sheng Tai, 3 fen, (Pick Unlisted), extremely fine to about uncirculated, with mild toning (4)..

Estimate: $800.00 - $1,600.00