CHINA--REPUBLIC. Bank of China. $1, 1.6.1912. P-25s1.(S/M#C294-30) Specimen. A very scarce early republic design which always generates considerable attention among bidders. This note is the finest we have handled for this Emperor Huang-ti design and shows with stellar ink tones and original deeply embossed paper. An appealing multi-color guilloche at center and seen with great centering and margins.PMG Gem Uncirculated 66 EPQ