Watch List notes:

Bank of Communications, 1923 "Fengtien Province" Issue Banknote. China, $1, P-131a, S/M#C126-150, Issued banknote, Orange on m/c, Electric direct current generator at center, back orange with sailing ship, S/N 239025, VG with a 1.5 inch horizontal split in the middle and 1/2 inch splits on the left and right horizontal middle from a strong fold, still an extremely rare banknote and the first time handled by or firm. Only 1 previous note has been graded in the PMG census. ABNC.

Estimate: 9000 - 19000