Watch List notes:

Private and Local Issues, with many scarce notes rarely seen at auction. Shantung, China, 300 Coppers, P-Unlisted, S/M#-Unlisted, 116x68 mm's, Black on yellow green, back dark green, S/N 0270, Choice AU to Unc. Scarce private issue."Poor Business" Titled Note, 1920 Private Issue.

Estimate: 50 - 100