Watch List notes:

(x) Hong Kong & Shanghai Banking Corporation, specimen $50, 1 October 1927, serial number B000000, green on multicolour underprint, female allegory standing on winged wheel at left, arms at top centre, reverse green, bank building at centre, red SPECIMEN overprint and CANCELLED perforation(Pick 175s), in PMG holder 66 EPQ, gem uncirculated, rare and very attractive.

Estimate: £2,500.00 - £3,500.00