Watch List notes:

BANKNOTES, CHINA Republic. Central Reserve Bank of China. 100,000-Yuan, 1945. (Pick J43a; S/M C297-95). In PMG holder graded AU-55 EPQ, no visible damage or wear, both sides are well centred, a very impressive example of this popular large denomination Japanese puppet bank type.
The same type as the Specimen 100,000-Yuan note in the previous lot.

Estimate: $ 1,800