Watch List notes:

Military Note of the National Revolutionary Army, 2 chiao, Year 15 (1926), serial number B182844, blue on orange underprint,(Pick S3924), PMG 64EPQ Choice Uncirculated. Only 16 notes in the PMG popuation report, this being the second highest grade and with the highly popular 'EPQ' status.

Estimate: 2000 - 4000