Watch List notes:

Bank of Communications, 1913 "Changchun" Branch Issue Banknote. China, $1, P-110a, S/M#C126-31d, Issued banknote, Red-orange on m/c, Electric direct current generator at center, back orange with sailing ship, S/N L464735, Fine to Choice Fine with a very small pin hole in the middle, 3 small pin holes on the right and a small thin on the left border area. Only 1 previous note has been graded in the PMG census. ABNC. Extremely rare note and first time seen by cataloger. Rarely offered at auction.

Estimate: 16000 - 31000