Watch List notes:

Tung Yu Bank Swatow, (ca. 1900-1920) Private Banking Issue. Swatow, China. $5, P-Unlisted, Olive green on light orange with red and black chops and overprints, Back dark brown with gazebo by small pier on water, S/N 4655, Choice Fine condition with 2 small holes where note was folded. Rare note in any condition and first time seen by cataloger.

Estimate: 500 - 1000