Watch List notes:

China, People's Republic 1949 P-847c PMG About UNC 55 EPQ 1000 Yuan

Fully original and scarce as such. A centerfold is seen along with some minor handling, but it is above average for the type. Like all first series of Renminbi this type is challenging to find with original paper, which this piece has, as attested by the "EPQ" designation.