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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


1938年上黨銀號伍角，編號A 822366，PMG 40，輕微磨損。稀有解放區鈔，並非因為發行量和使用量少，而是因為被冀南銀行收購後，許多被回購並隨後焚毀。

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