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Auction: CSS123B - China Banknotes and Coins
Lot: 1122

(x) Republican China Military, 1 yuan, Year 4609 (1912), Shanghai, serial number 000416, brown,
(Pick S3818a), PMG 45, pinholes. PMG census one of only two TOP POP. Notes issued under Chung Hwa Bank after Chen Qimei's forces captured Shanghai. Used to raised funds for war effort.

Estimate
HK$5,000 to HK$7,000