Watch List notes:

People's Bank of China, 1st series renminbi, 1949, 100 yuan, 'Donkey Train', consecutive serial numbers IV II X 8290938-939,(Pick 836a), graded PMG 25NET Very Fine (Repaired) and 15NET Choice Fine (Repaired). This prefix was considered to be replacements but in recent times this is debate (2).

Estimate: 8000 - 15000