304
            
            
              1797
            
            
              1947 Shantung machine surch. with char. large yuan
            
            
              in two vertical lines, $200 on $5 orange x 6 each with
            
            
              surch. shifted upwards variety. Unused and fine. Yang
            
            
              EC122var. Photo
            
            
              HK$ 2,000 - 3,000
            
            
              1798
            
            
              1947 Shantung machine surch. with char. large yuan in
            
            
              two vertical lines, $200 on $5 orange horiz. strip of 4
            
            
              with surch. shifted to left on margin variety. Unused and
            
            
              fine. Yang EC122var. Photo
            
            
              HK$ 1,200 - 1,500
            
            
              1799
            
            
              1947 Shangtung hand surcharged with small characters
            
            
              'Yuan' on Mao's Ching-Chow 1st. print, imperf. $800 on
            
            
              $10 light blue in block of 16 (4 x 4), unused. Very fine.
            
            
              Yang EC140. Photo
            
            
              HK$ 3,000 - 3,500
            
            
              1800
            
            
              1947-49 Shantung Hand-surcharge diagonally in black
            
            
              on Chairman Mao Chingchow 1st print, $3,000 on $50
            
            
              brown, horizontal pair with bottom margin, left stamp
            
            
              with surcharge omitted, unlisted variety, unused, no
            
            
              gum
            
            
              as issued, fine and scarce. (Yang EC145 var.). Photo
            
            
              HK$ 5,000 - 5,500
            
            
              1801
            
            
              1947-49 Shantung wood chop handsurcharged on
            
            
              Ching-chow Chairman Mao 1st print, large character
            
            
              "yuan", $500 on $20 purple (red), small characters &
            
            
              large "yuan", $200 on $5 orange, with part "specimen"
            
            
              overprint, scarce, large characters & small "yuan", $500
            
            
              on $20 purple (black), and $500 on $20 purple (red), all
            
            
              unused, fine. (Yang EC131, 134, 136, 136a). Photo
            
            
              HK$5,500 - 6,000
            
            
              1802
            
            
              1947-49 Shantung handsurcharged on Ching-chow
            
            
              Chairman Mao 1st print, small character "yuan", $800
            
            
              on $10 light blue, imperf., $1,000 on $20 purple (black),
            
            
              $1,000 on $20 purple (red), $1,000 on $50 brown, $3,000
            
            
              on $50 brown x 3, all unused, $800 with some light age
            
            
              toning spots, others fine. (Yang EC140a, 142, 142a, 143,
            
            
              145.). Photo
            
            
              HK$ 1,200 - 1,400
            
            
              1799
            
            
              1800
            
            
              Ex.1801
            
            
              Ex.1802
            
            
              Ex.1803