Watch List notes:

Bank of Territorial Development, 1915 "Urga" Issue Banknote. China, 1915, $1 - Urga, P-573r, S/M#C165-20, Remainder banknote with no signatures, S/N 39178, Russian text on one side, Chinese on the other, Black and green on light green underprint, Appears AU to Choice AU but there is a 8 mm stain on the top right margin that also has a small tear and 2mm hole in the same location. Extremely attractive note that is rarely seen at auction and is unpriced in the SCWPM. Printer: CMN.

Estimate: 19000 - 39000