Watch List notes:

Chinkiang, Tung Wai Bank, 1912 Private Banknote Issuer. Chinkiang, China, $5 Local Currency, P-Unlisted (S/M #C31-x), Unissued Remainder, Bats flanking globe over pagoda on hill, Black on light blue and light yellow, issued, attractive, Choice VF to XF due to handling on borders. Scarce with popular Bat vignette.

Estimate: 5000 - 9000