Watch List notes:

People's Bank of China, 1st series renminbi, 1948, 5 yuan, Buffalo, serial number II I III 1365814,(Pick 814a), PMG 55 About Uncirculated .One of the rarer types, this note is notorious for its poor quality paper and scarcity in the higher grades. This is a truly splendid example with superb original paper body and rich colours.

Estimate: $120,000.00 - $200,000.00