Watch List notes:

Liberated Areas, a group of 2, consisting of: 1x Bank of Shansi Chahar & Hopei, 5 Chiao, Year 27 (1938); 1x Bank of Chinan, 50 yuan, 1942, serial numbers P878526, E4557739 respectively,(Pick S3138, S3075), graded PMG 50 About Uncirculated and 30 Very Fine respectively (2).

Estimate: 600 - 1000