拍品描述： 光绪三十一年北洋银元局当十铜元伍佰枚。strong稀罕/strong的一枚直式钞。因为WPM目录并无提供FINE级以上的价钱参考，此币亦鲜少在公开拍卖中出现，估价较难预测。我们选择将估价定为最近一枚同款AU级纸钞的成交价钱。本拍品比起AU那枚明显亮丽，鲜黄底印，深蓝边框，亮红色加盖，PCGS GSG仅提及一处针孔。

CHINA--PROVINCIAL BANKS. Peiyang Currency Bureau. 500 Cash, 1905. Pinhole. P-S2531. PCGS GSG Choice Uncirculated 63 Details. Pinhole。(S/M #P36-1) Its difficult to place an estimate on a scarce vertical format piece like this given that the WPM Catalog chose not to assign a value above the Fine level, and because there are just a couple auction comparables. We have chosen to estimate this note around what an unoriginal AU example has recently sold for. This note appears much nicer with bright yellow undertones and bolder blue inks bordering the design. Bright red overprints with just a pinhole mentioned on the holder。