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Auction: CSS123B - China Banknotes and Coins
Lot: 1123

(x) Republican China Military, 5 yuan, Year 4609 (1912), Shanghai, serial number 018511, orange,
(Pick S3819a), PMG 40. Notes issued under Chung Hwa Bank after Chen Qimei's forces captured Shanghai. Used to raised funds for war effort. Quite scarce

Estimate
HK$10,000 to HK$18,000