Sale 65 People’s Republic of China and Liberated Areas

China (People's Republic), 1950 First Anniv. of Founding of People's Republic for Northeast China reprint $5000 with margin at left, variety yellow printing (flag design) printed on reverse, very fine unused without gum as issued. Yang C44R var.
Estimate HK$ 6,000 - 8,000

The variety, which is a clear printing error and not an offset, was originally discovered by the Canadian dealer Kasimir Bileski when he acquired a large holding of reprint sets from the Chinese Philatelic Agency in 1950s.