Watch List notes:

Bank of Territorial Development, 1914 Shanghai Branch Issue. China, $5, P567n, S/M#C165-41, Issued banknote, black with purple border on yellow underprint, hut along shoreline, ships at center, S/N S0042507, Crisp choice VF with sharp corners, bright colors, large even margins and excellent paper quality, Scarce note in high grade. BEPP

Estimate: 2000 - 4000