Watch List notes:

People's Bank of China, 1st series renminbi, 5000 yuan, 1951, 'Shepherd', serial number II I III 0748901, (Pick 857Ca), PMG 35EPQ, choice very fine. One of the key notes of the series and according to PMG population, although there are 85 notes graded, only this one graded with EPQ, thus very rare..

Estimate: $600,000.00 - $1,200,000.00