Watch List notes:

People's Bank of China, 5th series renminbi, 1999, 100 yuan, progressive proof, red and multicolour, the obverse largely complete (only missing the serial numbers), watermark of Mao Zedong present, the reverse largely incomplete printing, please see the image for further details, paper selvedge at lower border,(Pick 901pp), PMG 64 Choice Uncirculated. Extremely rare.

Estimate: 20000 - 40000