Watch List notes:

Central Bank of China, Unlisted Essay Banknote, 1949 Gold Chin Yuan Issue.1949. 500,000 Gold Yuan, (PMG designated P-425pef), P-Unlisted. Uniface front specimen Ã'Printers EssayÃ" banknote in green, CKS in center. No serial numbers, seals or series, the back with Ã'Approved for Production: L-4 - Color O.K. 5.2. (19)49Ã", Choice Uncirculated, Horizontal note. SBNC.

Estimate: 4500 - 9000 HKD