Federal Reserve Bank of China, 1938 to 1940, 10 Fen = 1 Chiao, 20 Fen = 2 Chiao, High Grade Issued Banknote Pair. (Pick-P-J48b, P-J49a), Includes: 1940, 10 Fen = 1 Chiao, P-J48b S/M#C286-31, Red-brown on pink underprint with Tower of Summer Palace at right, Back is brown on pink, Black 372; and, 20 Fen = 2 Chiao, P-J49a S/M#C286-6, Blue on pale blue underprint with Temple of Heaven at right, Block 372, LPCT. (2)., PMG graded Gem Uncirculated 66.