Watch List notes:

BANKNOTES, 紙鈔, CHINA - FOREIGN BANKS, 中國 - 外國銀行, Hongkong & Shanghai Banking Corporation ¬輕鉹W海匯豐銀行: $5, 1 March 1923, Shanghai 上海, serial no.693771 (P S353). Fading near right margin, several small holes, three merchant chops on reverse, fine.

Estimate: US$200-250