(t) CHINA--PUPPET BANKS. Federal Reserve Bank of China. 5 Dollars, 1938. P-J56a. Repaired Good Very Fine.
Serial number D1091118. Yue Fei and Flying Dragon, one of the more popular designs for this Bank. Has extensive border repairs. Sold as seen, no returns, viewing highly recommended.

民國二十七年中國聯合準備銀行伍圓。
編號D1091118。岳飛與飛龍，該行熱門設計之一。紙邊多處修復痕跡。現況出售，概不退換，强烈建議藏家仔細檢視。 (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: $1500.00 - $2000.00