(t) CHINA--REPUBLIC. Bank of China. 1 Dollar, 1.6.1912. P-25s1. S/M#C294-30.

(t) CHINA--REPUBLIC. Bank of China. 1 Dollar, 1.6.1912. P-25s1. S/M#C294-30. Specimen. PMG Choice Uncirculated 64 EPQ. A most exquisitely designed note by ABNC featuring Huangdi on the left. Deep, lush green colours are found throughout the note, and the paper body remains white, crisp and firm, with superb margins and corners. An iconic issue from the first days of the Republic of China. Estimate: $900 - $1,200. Provenance: From the Yang Ai Hao Collection. 民國元年中國銀行兌換券壹圓。樣票。 美國鈔票公司設計之極致精品，左側鐫黃帝肖像。全票綠色濃郁深邃，紙身潔白直挺，紙邊與四角保存俱佳。此乃民國肇建初期極具代表性的標誌性版別。 (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:€0.89

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