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Stack's Bowers & Ponterio
August 2016 Hong Kong Auction - Sess. A-D  15-17 August 2016
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Lot 50288

Starting price: 3000 USD
Price realized: 13 000 USD
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HONG KONG. Mercantile Bank of India Limited. 50 Dollars, 1935. P-240a. PMG Very Fine 30.
A note which seldom is available in any form and likely missing from even advanced collections. This large format Waterlow and Sons printed note shows with a striking layout with deep brown borders and rayed multicolored under-printing. Seen with serial numbers on face and back and plentiful security fibers at center. deeply watermarked paper adds to the appeal and only a few highly minor edge tears and ink at the reverse are mentioned beyond light and even circulation. A masterful back design shows a hillside mansion in strong detail with ornate under-printing at left and right. Currently one of seven pieces PMG has graded for the catalog number with only one graded finer. PMG Very Fine 30.

Estimate: $5000.00- $7500.00
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