Watch List notes:

Central Reserve Bank of China, 1943 Banknote Specimen. Central Reserve Bank of China, 1943 Banknote Specimen.China, 500 Yuan, P-J25s2, S/M#C297-60, Specimen banknote, SYS at center, red Mi-hon overprint and S/N JR 000000 R/E, PMG graded Choice Uncirculated 64 but appears in Gem condition with even jumbo margins, bright colors and sharp corners. Rare as specimen. Only 3 graded in the PMG census.

Estimate: 3100-6200 HKD