Watch List notes:

Chefoo Bank, ca. 1900 Private Banknote Rarity. China, $2, P-Unlisted, Issued banknote, black and brown on light red underprint, dragons on left and right with city with buildings and hills in center as part of underprint, back with portrait in light brown of L.W.Sing Tai & Co., Choice VG to Fine condition with 4 small pin holes on the top left of the note, a strong horizontal fold that has slight splitting on the right middle and 2 small pin holes due to the fold, small chop marks and overprints as well as graffiti on right margin. Rare note and first tm seen by cataloger.

Estimate: 8000 - 16000