Watch List notes:

Hunan Industrial Bank, 1912 "Taels" Issue Banknote Rarity. China, 5 Taels, P-S1997, S/M#H165-2, Issued banknote, Face Green and Brown with office building on left and mountains at right, back blue on light green, S/N 1951, VG condition with a lot of graffiti on the back, tape remnants on top margin, a small 3mm by 5mm piece missing from the top left margin, small edge faults, still extremely rare and first time offered by us.

Estimate: 12000 - 23000