Watch List notes:

People's Bank of China, front progressive proof 100 yuan, ND (1999), '5th series renminbi', obverse largely complete (only missing the serial numbers) and the '100' denomination at lower left is not in green but engraving present, watermark of Mao Zedong present, the reverse with underprints only, notably missing building and columns,(Pick 901pp1), A later stage progressive proof then the previous lot. PMG 55EPQ, extremely rare..

Estimate: 20000 - 40000