Watch List notes:

People's Bank of China, 5th series renminbi, 1999, 100 yuan, progressive proof, red and multicolour, Mao Zedong at right, missing the floral vignette stating 'Yi Bai Yuan' at lower left of centre and the green fluorescent '100' in the watermark area, watermark of Mao Zedong present, the reverse largely incomplete printing, please see the image for further details,(Pick 901pp), PMG 64 Choice Uncirculated. Extremely rare.

Estimate: 20000 - 40000