Watch List notes:

Mercantile Bank of India, 1937 Issue. Hong Kong, 1st December, 1937, $5. P-235c, Issued Banknote, Olive green on tan and m/c underprint, boats at center with buildings and tower behind, back dark red and black, 4 Serial Numbers on back, S/N 169496, VF to Almost Choice VF condition, bright colors, large even margins and sharp corners only enhance this lovely note. W&S.

Estimate: 12000 - 25000