CHINA--REPUBLIC. Central Bank of China. 10 Dollars, 1923. P-177c.

CHINA--REPUBLIC. Central Bank of China. 10 Dollars, 1923. P-177c. S/M#C305-15. PMG Very Fine 30. Hunan-Kiangsi-Kwangsi. These notes were prepared by the Northern Expedition Army in advance of their campaign so that they could be used by the local population in those areas to maintain economic stability. Very rare, with only two notes graded by PMG, and this note is the higher grade. Estimate: $400 - $700. Provenance: From the Renaissance Collection of Central Bank of China. 民國十二年中央銀行拾圓。 湘贛桂地名。此類紙鈔為北伐軍在戰役發起前預先印製，以便於光復地區供軍民使用以維持地方經濟穩定。極其珍罕，PMG 迄今僅評過兩張，本品為其中較高分者。

Estimate:£0.75

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