Watch List notes:

Bank of Dung Bai and Bank of Bai Hai, a pair of liberated area banknotes, 5 Chiao, Liaotung, Year 35 (1946), block AA and 50 yuan, Shantung, Year 33 (1944), serial number QC340565, (Pick S3735, S3569Cb), graded PMG 58 and 45NET (Restoration) respectively (2).

Estimate: 1500 - 3000