China, 1923. 50 Coppers, P-S1682b S/M#H62-11, The first of 2 sequential high grade Issued Banknotes. Brown with light red/pink underprint. Pagoda at left, temple pavillion at right, S/N 898194 Series UU. PMG graded Gem Uncirculated 66 EPQ. Only 4 notes grade higher out of 84 graded in the PMG census.
Estimate: $350-500