Watch List notes:

BANKNOTES, 紙鈔, CHINA - PROVINCIAL BANKS, 中國 - 地方發行, Fu-Tien Bank 富滇銀行: Specimen 20-Cents, ND (1921), red serial no.000000, phoenix and horse facing above globes at right, red "SPECIMEN" overprint and two punch-hole cancellations, printer ABNC (P S3012). Uncirculated.

Estimate: US$250-300