Watch List notes:

Bank of Chang Chung, 500 Yuan, 1948, Hopei-Chahar-Jehol-Liaoning, serial number BO14737, dark blue on orange underprint, Mao Zedong at left, reverse purple, Great Wall of China at centre, (Pick S3054), PCGS Gold Shield 30 Very Fine.

Estimate: 2200 - 2500