Watch List notes:

Commercial Bank of China, 1920 "Tael Issue" Specimen Banknote. Shanghai, China. 1920, 1 Tael, P-A134s, S/M #293-30, Specimen banknote, Confucius at center, Blue on m/c, back brown, Specimen overprint, POC and "000000" serial numbers. Gem Uncirculated Condition with 4 large margins, bright colors, exceptional paper quality and sharp corners with 2 small areas on the top front and back margins of archival graffiti. ABNC. Rare "Tael Issue".

Estimate: 8000 - 16000