Watch List notes:

1931 Kwangtung 5% Second Military Supply Loan, a group of 10 note, consists of 5x 5 yuan and 5x 10 yuan, Year 20(1931), various serial numbers lilac and orange on light yellow green underprint respectively, Sun Yat Sen at right,(Pick Unlisted), extremely fine, with foxing (10)..

Estimate: 800 - 1600