(t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 50 Yuan, 1949.

(t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 50 Yuan, 1949. P-828a. S/M#C282. Dropped Digit Error. PMG Extremely Fine 40. Steam Roller. The usual serial numbers for this type are a bit wonky, but are excessively so on this note. We believe this is a minor dropped digit error, even if PMG does not call it that. We will therefore not accept this as a reason for returns. Estimate: $1,500 - $2,000. Provenance: From the Grass Unweeded Collection. 1949年第一版人民幣伍拾圓。編號跌字錯體。 壓路機。此版別常見的編號通常略顯歪斜，但在本品上尤為嚴重。我們認為這是一個輕微的漏字錯體，即使 PMG 並未如此標註。因此，我們不接受以此為退貨理由。 (t) This lot was manufactured in China (including Hong Kong), Russia or Republic of Belarus and was sourced from outside the United States for this auction after tariffs were enacted by the United States. Accordingly, as of February 27, 2026, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff for China manufactured items, and a 35% import tariff for Russia or Belarus manufactured items. In addition a processing fee of 0.3464% (minimum $33.58 / maximum $651.50) will apply. Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions. Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.

Estimate:$750

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