Watch List notes:

Peoples Bank of China, 1948 Issue Banknote. Peoples Bank of China, 1948 Issue Banknote.China, 1948, 100 Yuan, P-807a, (S/M#C282-10), Block 231, S/N 58495922, Issued banknote, Brown-violet on light blue underprint with olive green guilloche in center, factory at left, locomotive on right, PMG graded Choice Fine 15 NET with notations of repairs with evidence of small margin tears on the top and left margins. 1 of 15 graded and authenticated by PMG, rare note in any condition,

Estimate: 2700-5400 HKD