(t) CHINA--PROVINCIAL BANKS. Suiyuan Provincial Bank. 50 Coppers

(t) CHINA--PROVINCIAL BANKS. Suiyuan Provincial Bank. 50 Coppers, 1927. P-S2789s1. S/M#S91. Specimen. PMG Gem Uncirculated 65 EPQ. Printed by BEPP. Extremely rare specimen from this provincial bank, which was established by Cai Cheng Xun in 1920. The bank stopped redeeming its banknotes in 1927, leading to a precipitous devaluation and finally ceased operations in 1937. This note is one of two in the highest grade among a total population of just five. Very scarce. Estimate: $500 - $800. 民國十六年綏遠平市官錢局銅元伍拾枚。樣票。 由財政部印刷局印製。該省立銀行極罕見之樣票。該行由蔡成勳於1920年創立，1927年停止兌現紙幣導致幣值急劇貶值，最終於1937年停業。在PMG總評級量僅5枚中，此枚為兩枚冠軍分之一。極其稀少。 (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.

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