Watch List notes:

People's Bank of China, 1st series renminbi, 1951, 500 yuan, Zhan De Cheng, serial number I II III 3369747,(Pick 857a), PMG 64 Choice Uncirculated (Minor Foreign Substance). One of the key notes in this series in magnificent original condition with vivid and captivating colours. A rare type in itself and even more so in choice original condition! Of the 27 notes graded by PMG only 2 notes are graded higher in 65EPQ! It will be a long time for another note of similar quality to be offered in a public auction again!.

Estimate: $1,200,000.00 - $2,400,000.00