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Auction: CSS123B - China Banknotes and Coins
Lot: 1120

(x) Bank of Shangtong, China, 50 cents, 1938, serial number A 822366, (Pick S3673), PMG 40, Minor Erasure. Rare liberated area issue, but not for the lack of issue and use, but as the bank was absorbed into the Bank of Chinan, many were bought back and subsequently incinerated

Estimate
HK$1,200 to HK$2,000