Lot# 9037

the cover is franked with a combination of two S series issues and four stamps for a set of the first airmail series issued on May 1, 1950, totaling 39,800 yuan (Old RMB). The postage comprised 2,500 yuan for the first 20g international letter rate, 1,500 yuan for the additional 20g, and an air surcharge of 10,500 yuan per 10g for three segments, with a small overpayment of 100 yuan. The cover was mailed from Shanghai on October 7, transited through Canton on October 10, and was forwarded via Hong Kong by Pan American Airways (PAA) to Newark, New Jersey, arriving between October 15–16. It bears all four values of the first airmail issue, including the high denomination 30,000-yuan stamp, which is particularly scarce and represents the most distinctive and seldom-seen value of the set. This cover stands as a rare and significant example of an early PRC registered airmail to USA, notable for its accurate franking, clear postal markings, and connection to an important philatelic figure. It holds exceptional postal history and exhibition value.