Watch List notes:

People's Bank of China, 1st series renminbi, 1948, 5 yuan, 'Buffalo', serial number I II III 4639683,(Pick 814a), PMG 45, Choice Extremely Fine. Well preserved. A superb condition note with excellent blue original colours. Seldomly encountered in this lovely state.

Estimate: $75,000.00 - $120,000.00