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Auction: CSS25 - Banknotes, Bonds & Shares and Coins of China and Hong Kong
Lot: 4004

People's Bank of China, 1st series renminbi, (1948-1949), 50 yuan, 'Red Train', serial number I II III 02809201,
(Pick 827), original uncirculated but slightly off center printing, one of the scarcer types in the series and difficult in this condition

Estimate
HK$45,000 to HK$50,000