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Auction: CSS31 - Fine Stamps and Covers of China and Hong Kong
Lot: 2662

China
Gold Yuan
1949 Hankow Surcharge, $5,000,000 on $20 variety three short panels at top and bottom of surcharge, unused without gum as issued. Very rare with only about ten examples recorded. Chan G127 variety; S.G. 1193 variety. Photo

The top values in this set usually have two panels each of three key patterns, this stamp reflects the pattern of the lower values which have three panels each of two key patterns

Estimate
HK$40,000 to HK$50,000