Lot 1493
People's Republic. Second Series of RMB. 5-Yuan, 1953. (Pick 869a). People's Republic. Second Series of RMB. 5-Yuan, 1953. (Pick 869a). In PMG holder graded Choice VF-35 Net, Repaired, a beautiful note with vivid details and flashy colours, no obvious damage visible except for the well repaired crease at the centre. This beautiful red 5-Yuan variety is one of the famous "Three Soviet Types" of the second series of RMB. These notes were originally printed in the Soviet Union, but due to the collapse of Sino-Soviet relationship, these notes were voided post-1964. This was the first and the only time that the People's Republic of China would allow a foreign country to print RMB, and therefore these historic varieties soon became very popular.
Estimated Value $1,500-UP.
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