The People's Republic of China & Liberated Areas Stamps and Postal History

1947-49 East China Liberated Area Mao portrait surcharged $500 on $5 x 2, both with overprints misplaced variety (Yang EC190), unused without gum as issued. Hinged. Slightly toned. VF-F.
1947-49年华东解放区毛像渤海加盖改值票5元改500元新2枚，加盖移位变异。背贴。微黄上品。