Watch List notes:

Central Bank of China, 1949 Essay Specimen Banknote Face & Back.China, 1949. 500,000 Gold Yuan. Series 00-A. P-Unlisted. (designated P-425Ape) S/M#C302, Uniface front and back specimen banknotes in green. Red specimen overprint, "00000" serial numbers and POC. Backs have red specimen overprint and serial numbers P082015*L and P0820060 *L, Both are PMG graded Superb Gem Uncirculated 67 EPQ (Exceptional Paper Quality). SBNC. Very possibly one of the finest known for this issue.

Estimate: 7000 - 14000 HKD