Watch List notes:

BANKNOTES, CHINA People's Republic. First Series of RMB. 500-Yuan (2), 1949. (Pick 846a; S/M C282-54). Both in PMG holders graded Choice AU-58 Net, Repaired and Choice AU-55, a pair of relatively high grades for this popular later tractor issue, both handsome pieces with vivid ink quality and crisp paper. (2)

Estimate: $ 1,200