Watch List notes:

Shanghai Telephone Company Specimen Bond. Shanghai, China, 1933. $1000 Chinese Standard Silver Dollars, 1st Mortgage 6% Silver Dollar specimen bond. Vignette of "Shanghai Telephone System" logo in circle. Light brown borders, coupons attached. XF condition. Specimen overprints, "0000" serial numbers and POC's. Rare and attractive bond. Franklin Lee Division-ABNC.

Estimate: 3000 - 5000