Watch List notes:

Altai District, 1918 Current Circulating Silver Note Issue. Altai District, 1918 Current Circulating Silver Note Issue.5 Yuan, P-S2409K (S/M#O3-2), Issued banknote, Olive green, horse drawn wagon with people at center, Red oval overprint top middle and left side, Red seals, back orange, S/N 00367, PMG graded Very Fine 25 with claims to Choice VF, rare note seldom seen at auction with large even margins and firm paper with only a little rough handling on the right edge keeping this note from XF condition.

Estimate: 5800-11600 HKD