(t) CHINA--REPUBLIC. Bank of Communications. 2 Choh (Chiao), ND (1914).

(t) CHINA--REPUBLIC. Bank of Communications. 2 Choh (Chiao), ND (1914). P-114k. S/M#C126-52. PMG Choice Uncirculated 63. Kalgan/Harbin. A scarce fractional note that is even more desirable given its UNC condition. These notes are usually found in VF grade and are very rare in UNC grades, as confirmed by the fact that this is one of just two notes in UNC, with the other graded 66-EPQ. PMG Comments "Minor Foreign Substance." Estimate: $500 - $800. 民國三年交通銀行貳角。 張家口/哈爾濱地名。罕見之輔幣鈔，其UNC品相更添吸引力。此等紙鈔通常僅見VF品相，UNC品相極其罕見，此票乃僅有之兩枚UNC評級票之一，另一枚獲評66EPQ，足證其珍罕。PMG備註"輕微外附物"。 (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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