(t) CHINA--REPUBLIC. Farmers Bank of China. 20 Yuan, 1940. P-465. PMG Superb Gem Uncirculated 67 EPQ.
Serial number E499487. An ever popular design showing an agricultural scene at centre. Boldly printed blue inks and immaculate paper result in this superb gem example. In SECOND TOP POP bested by one note in 68-EPQ!
From the South West Collection.

民國二十九年中國農民銀行貳拾圓。
編號 E499487，中央農耕圖景，此設計經典雋永，深受藏家珍愛。藍色油墨印刷，紙張完好，堪稱上品。評級位列第二，僅次於 68-EPQ 評級之珍品，可遇不可求。 (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: $500.00 - $800.00