(t) CHINA--REPUBLIC. Central Bank of China. 50 Yuan, 1945. P-276.

(t) CHINA--REPUBLIC. Central Bank of China. 50 Yuan, 1945. P-276. S/M#C300-227. PMG Extremely Fine 40. Printed by the Central Printing Factory (CPF) 'For Circulation in Vietnam'. Blue, Sun Yat Sen at left, similar in appearance to the Fabi notes issued in the 1940s. PMG Comments "Stains." The background for these notes is detailed in the lot above. The 50 Yuan note is the third and final denomination of the Vietnam series. One of just seven notes graded by PMG. Extremely rare. Estimate: $4,000 - $7,000. Provenance: From the Renaissance Collection of Central Bank of China. 民國三十四年中央銀行伍拾圓。 中央印製廠印製，屬"越南流通券"系列。藍色，左側為孫中山頭像，外觀與1940年代發行之法幣相近。PMG備註"有漬"。本票歷史背景詳見上一拍品說明。伍拾圓為越南流通券系列中第三款、亦是最高面額之收官之作。PMG 迄今僅評七枚。極其珍罕。 (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.

Estimación:€1,783.04

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