Watch List notes:

Chinese-American Bank of Commerce, 1920 Specimen Banknote. Shanghai, China, 15th July 1920. $10 Local Currency. P-S232s2, S/M#C271-4d, Shanghai Branch, Specimen banknote, Black on m/c face with portrait of Statue of Liberty on right, Back is green. AU condition. Pin-punch specimen, red specimen overprint, regular serial numbers "010397". Rarely seen Shanghai branch issue. ABNC.

Estimate: 7000 - 14000