(t) CHINA--PUPPET BANKS. Federal Reserve Bank of China. 10 Fen = 1 Chiao, ND (1938-45). P-Unlisted. PCGS Banknote About Uncirculated 55.
Pass for The Military of Imperial Japan, featuring Wang Jing Wei's portrait at right. Scarce. PCGS Banknote Comments "Small Tears".

民國二十七至三十四年中國聯合準備銀行紙幣交換券壹角。
日本帝國軍隊的通行證，右側為汪精衛的肖像。 稀缺。 PCGS 鈔票備註"裂痕"。 (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: $800.00 - $1200.00