Watch List notes:

Bank of Bai Hai, a group of 3 notes, consists of 5 Chiao and 200 Yuan, 1943 and 1944, Shantung, serial numbers and AF657390, brown and red respetively, 200 Yuan, 1945, Shantung, serial number A769138, brown, reverse pale blue, (Pick S3554, S3573b), (Pick S3596) PCGS Gold Shield 25 Very Fine (2) PCGS Gold Shield 25 Very Fine.

Estimate: 1200 - 1500