Watch List notes:

China, People's Republic 1949 P-850a PMG About UNC 55 1000 Yuan

Even though some minor mounting remnants can be seen on the back of this note the eye-appeal is excellent. Clear originality can be seen in the PMG holder, and it is unlikely this example spent much time in circulation. It is one of the scarcer types from this series and it remains much in demand. PMG mentions "Previously mounted".