Watch List notes:

International Banking Corporation, 1905 Issue $100 Specimen Banknote. Shanghai, China, 1905. $100, P-S422s, S/M #M10-5. Blue and m/c on face, Eagle on building flanked by 2 globes at left, back blue. 2 printed signatures. Specimen banknote. Specimen overprint, "00000" serial numbers and POC's. Choice uncirculated condition. A lovely note missing from most advanced collections. ABNC.

Estimate: 19000 - 39000