(t) CHINA--MILITARY. Kwangsi Military. 5 Chiao, 1922. P-S3900K. PMG

(t) CHINA--MILITARY. Kwangsi Military. 5 Chiao, 1922. P-S3900K. PMG Choice Uncirculated 63. Small change note issued by Shen Hong Ying. Tied in top grade along with four others. PMG Comments "Paper Pulls." Estimate: $400 - $700. 民國十一年廣西臨時軍用票伍角。 沈鴻英發行的輔幣券。與另外四枚並列冠軍分。PMG備註"揭薄"。 (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.

Estimate:£0.75

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