Watch List notes:

Central Bank of China, 1948 Issue Uncut Pair of Uniface Proof Banknote Face & Backs. Central Bank of China, 1948 Issue Uncut Pair of Uniface Proof Banknote Face & Backs.China, 1948), 5000 CGU, P-360 Unlisted Proofs, Uncut Pair of face notes and back notes, blue with no undertint with SYS at top center, back with Bank building at top center, The face proofs have a horizontal fold on the top margin from archival storage and would grade AU, large margins on right and bottom; backs are Choice AU to Unc. Large margins on top and right. Rare as proofs. Printed on white paper. SBNC.

Estimate: 1600-3100 HKD