Watch List notes:

SINKIANG: Republic, 40 red cash, year 13 (1924), Pick-S2833B, S/M-T116-0.3, Dihua Official Money Bureau (dí huà guan qián jú) issued on oil cloth, VG. "Red cash" was last produced in 1911 during the Xuantong era at the Kucha mint. It is interesting that banknotes were still issued in "red cash" until 1932 in Xinjiang Province.

Estimate: 75-100 USD