Watch List notes:

(t) CHINA--REPUBLIC. Bank of Agriculture and Commerce. 1 Yuan, 1926. P-A118s. Specimen. PMG Gem Uncirculated 65 EPQ.
Serial number 000000. Brown on multicolour, Summer Palace at centre, reverse dark brown.

A rare type note with only four pieces graded and this piece in the highest graded tied with only one other.

Estimate: $900 - $1200