Watch List notes:

People's Bank of China, 1st series renminbi, 1950, 50,000 yuan, Xin Hua Gate, serial number III IV V 0298206,(Pick 856), PMG 40 Extremely Fine (Minor Rust). The highest denomination and one of the key notes in the series. Highly desirable in choice original condition.

Estimate: $150,000.00 - $300,000.00