(t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 1 Yuan, 1949. P-812a. S/M#C282-20. PMG Gem Uncirculated 66 EPQ.
Serial number I II III 02411070. Black Factory. A marvelous high grade gem example in 66-EPQ, the SECOND HIGHEST GRADE in the PMG population report!

民國三十八年第一版人民幣壹圓。
編號I II III 02411070，黑工廠。頂流品相，獲評66-EPQ，PMG 亞軍分! (t) On September 1, 2019, the United States enacted new tariffs on collector's items of Chinese origin, including bullion and numismatic coins and banknotes. This lot was manufactured in China and was sourced from outside the United States for this auction after the tariffs were enacted. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff plus a processing fee of 0.3464% (minimum $31.67 / maximum $614.35). Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions. Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.

Estimate: $1000.00 - $1500.00