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: $10, 24 July 1920, Shanghai 上海, serial no.391719 (P S357A). Two merchant chops on the obverse, graffiti on the reverse, a couple of small edge tears, otherwise fine.

Estimate: US$350-450