Watch List notes:

Commercial Bank of China, 1920 "Dollar Issue" Specimen Banknote. Shanghai, China. 1920, $5, P-3s (S/M #293-42), Specimen banknote, Worthy standing at center, Purple on m/c, back purple, Specimen overprint, POC and "000000" serial numbers. Gem Uncirculated condition with large even margins, bright colors, sharp corners and exceptional paper quality. This will be very difficult to improve upon. ABNC.

Estimate: 6000 - 12000