China, ND (1944). 5 Yen, P-M25b S/M#T32-3, Issued Banknote. Black and red with m/c underprint. PMG graded Choice Uncirculated 63. Only 4 notes have been graded uncirculated. This is the highest graded and only uncirculated example to be offered at auction in over 12 years and the first example we have ever offered.
Estimate: $600-1200