Watch List notes:

Ch'ing Sheng Hao Chi, 1904 Issue Private Bank Rarity. China, Peiyang. Pick-UNL. S/M-UNL. Ch'ing Sheng Hao Chi [private bank]. Kuangsu year 29 [1904]. 5 Yuan. Issued banknote, Black on brown border with facing dragons at top, back blue and green with 5 Coins overlapping and the numeral "5" repeated as the border, First time seen by cataloger and offered by this company, appears in Fine condition but unfortunately, the note has been reinforced on the back due to very strong splitting at the folds, otherwise bright colors and interesting design that is sure to attract attention. 慶陞號記

Estimate: 8000 - 16000