(t) CHINA--REPUBLIC. Lot of (2). Agricultural & Industrial Bank of

(t) CHINA--REPUBLIC. Lot of (2). Agricultural & Industrial Bank of China. 1 Yuan, 1.9.1927. P-A96as1 & A96as2. Front & Back Specimens. PMG About Uncirculated 53 to Uncirculated 62. Hankow. Printed by BEPP. Extremely rare specimen pair from this generally elusive issuer. One of two uniface pairs possible according to the PMG census. The bank was founded in 1927 to support the development of the agrarian economy in rural China and obtained banknote issuing rights in 1928. However, these rights were revoked in 1935 with the introduction of the Nationalist 'Fa Bi'. Estimate: $600 - $900. PMG. 民國十六年中國農工銀行壹圓。單面正反面樣票。一對。 漢口地名。財政部印刷局印製。此發行機構之紙鈔向來難求，此單面試印樣票一對極度罕見。據PMG評級紀錄，此乃僅有之兩對單面樣票之一。該行創於1927年，旨在扶助中國農村經濟發展，並於1928年獲發鈔權。然隨着1935年國民政府推行"法幣"政策，其發鈔權遭撤銷。 (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:$1

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