Watch List notes:

(t) CHINA--PRIVATE ISSUE. Lot of (11). Mixed Banks. Mixed Denominations, Mixed Dates. P-Unlisted. Private Issues. PMG Choice About Uncirculated 58 to Gem Uncirculated 65 EPQ.
An impressive grouping of eleven private issue notes. Six of the items are remainders. PMG comments "Minor Stains" on Ting Feng, 5000 Cash and "Minor Corner Damage" on San Chuan Yung, 10 Tiao.

Estimate: $400 - $800