Watch List notes:

China, The Hong Kong & Shanghai Banking Corporation, specimen note, ten dollars local currency, Tientsin, 1st January 1920, imprint of Waterlow & Sons, Limited, Great Winchester Street, London, England, perforated with four large holes, stamped SPECIMEN across front of note in red (PS. 382s). Rust holes and paper clip rust marks in corner area, otherwise nearly extremely fine and extremely rare.

Estimate: 2000 AUD