(t) CHINA--REPUBLIC. National Industrial Bank of China. 5 Yuan, 1924. P-526s. Specimen. PMG Superb Gem Uncirculated 67 EPQ.
Serial number 000000. Red and multicolour, galloping horse at centre, two punch hole cancellations, 'SPECIMEN' overprinted in red. A stunning note in fiery red colours. In SECOND HIGHEST grade bested by only one note in 68-EPQ.

民國十三年中國實業銀行伍圓。樣票。
編號000000。紅色為主，多色襯托，中央奔馬，兩個打孔註銷，紅色"樣票"字樣。此鈔紅色鮮豔奪目，品相極佳，位列第二高評級，僅次於一張評級為 68-EPQ 的紙鈔。 (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: $700.00 - $1200.00