Watch List notes:

Ming Dynasty Circulating Note Ming Dynasty Circulating Note1368-99. 1 Kuan, P-AA10, S/M#T36-20, Issued banknote. 10 Strings of Cash Coins at top center on front and back center at bottom. 2 large red seals on face and one on back. Printed on dark gray mulberry paper. A superb AU to Uncirculated condition note rarely seen this nice. This note came from a group of these notes that were discovered during the "Boxer Rebellion". The notes were printed by the "Hung-wu Emperor" to create a national currency. The legends on the notes cites the authority of Hung-wu, the punishment for counterfeiting and reward for informants. The term Kuan (Quan, Kwan) relates to the Quan system of money (silver bars). This is the earliest form of printed currency available in the world. A superior example that will be almost impossible to improve upon.

Estimate: 77600-124200 HKD