Watch List notes:

BANKNOTES, 紙鈔, CHINA - EMPIRE, GENERAL ISSUES, 中國 - 帝國中央發行,National Commercial Bank Ltd: Specimen 10-Yuan, 1 October 1923, without place name, blue serial no. 000000, old man in turban at centre, red "SPECIMEN" overprints, Rev large cockerel at left, punch-hole cancellations (P 519s; S/M C22-3). About uncirculated with original paper, light vertical fold in right margin, scarce.

Estimate: US$3,000-4,000