Lot #1. China--Empire. Ming Dynasty.
The East Bay & Eduard Kann Collections of Chinese, Russian and World Banknotes - 10/27/2008
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P-AA10, One Kuan 1368-99. 10 strings of cash coins on mulberry bark paper. Portions of vermilion seals visible. Despite edge roughness and small split at right center, a very desirable example of the earliest collectible note in overall VG-Fine condition. It is said that a "bundle" of these notes was discovered under a statue of Buddha during the Boxer Rebellion. They have become quite scarce in today's expanding market.