Watch List notes:

Tung Pei Bank, 500 yuan, 1947, serial number KD C/Y 107701, red, Mao Zedong at left,(Pick S3753), PMG 58 Choice About Uncirculated. A very popular design. Very rare and highly desirable in the higher grades. One of 32 notes in the PMG population report, this being the second highest grade with ONLY ONE NOTE HIGHER in 63!.

Estimate: 10000 - 20000