Watch List notes:

Republic Period, Ding Feng, Private Banknote. Republic Period, Ding Feng, Private Banknote.China, 1912 to 1930, Ding Feng, 5000 Wen, private banknote, Black facing dragons on brown underprint, back slate blue with trees and waterside buildings, AU to Uncirculated with very stains on margin.

Estimate: 800-1600 HKD