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11d 10hUSStack's Bowers

(t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 50 Yuan, 1949.

(t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 50 Yuan, 1949.

Possibly Unique Red Train 50 Yuan Error (t) CHINA--PEOPLE'S REPUBLIC. People's Bank of China. 50 Yuan, 1949. P-827a. S/M#C282. Misalignment Error. PMG About Uncirculated 50. Red Train. This may possibly be the only error of this type known to date, given how scarce the issued note is. On casual inspection, the note appears to be a remainder without serial numbers and the red seals, but a closer look reveals a partially printed serial number '4384716' on the upper-left border, as well as red ink traces on the right border. This constitutes a major error that is highly unusual even during the tumultuous times that these notes were produced. A terrific error note for the high end connoisseur. Estimate: $6,000 - $10,000. Provenance: From the Grass Unweeded Collection. 或為孤品之紅火車伍拾圓錯體 1949年第一版人民幣伍拾圓。印刷移位錯體。 紅火車。此枚可能是目前已知同版式中唯一的錯體。初看似為無編號、無紅章的庫存票,細察可見左上邊緣殘留局部印製的編號"4384716",右側邊緣亦有紅墨痕跡。此屬重大印刷錯誤,即使在這些紙鈔印製的動盪時期亦極不尋常。適合高端鑑賞家的絕佳錯體珍品。 (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.

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