(t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 500 Yuan, 1949.

(t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 500 Yuan, 1949. P-842a. S/M#C282. Gutter Fold Errors. PMG Very Fine 25. Farmer and Bridge. A rather more unusual note with three gutter fold errors rather than the usual single one. Rare in this presentation. PMG Comments "Edge Damage, Minor Rust." Estimate: $1,500 - $2,500. Provenance: From the Grass Unweeded Collection. 1949年第一版人民幣伍佰圓。摺白錯體。 農民，小橋。較為不尋常的紙鈔，出現三處摺白錯體（通常僅單一處）。此等品相實屬罕見。PMG備註 "紙邊有損、輕微鏽漬"。 (t) This lot was manufactured in China (including Hong Kong), Russia or Republic of Belarus and was sourced from outside the United States for this auction after tariffs were enacted by the United States. Accordingly, as of February 27, 2026, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff for China manufactured items, and a 35% import tariff for Russia or Belarus manufactured items. In addition a processing fee of 0.3464% (minimum $33.58 / maximum $651.50) will apply. 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.

Estimation:€668.64

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