民国三十八年第一版人民币贰佰圆。CHINA--PEOPLES REPUBLIC. Peoples Bank of China. 200 Yuan, 1949. P-837b. PMG Very Fine 20 Net. Rust. 冠字123。红色序号。水印。难寻。PMG标注"轻微鏽迹"。(S/M#C282-51). Block 123. Black serial number. Watermarked. A more challenging variety of this 200 Yuan note. PMG comments "Rust."