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Auction: 20009 - World Banknotes
Lot: 120

Ming Dynasty, Da Ming Bao Chao, 1 kuan, 1368-1399, black text on grey mulberry bark, two rectangular red seals on face, 10 strings of cash at centre,
(Pick AA10, Smith Matravers T36-20 for type), in PMG holder, stained, 25 Very Fine, the earliest issue of paper money

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Sold for
£2,000

Starting price
£1500