Watch List notes:

Bank of Japan, Convertible Gold Note Issue, 5 Yen, 1903 (Meiji 36), serial number 850678, black on green underprint, Takeuchi Sukune at centre, reverse, orange,(Pick 31), in PMG holder 64 EPQ Choice Uncirculated, clear embossing even through the holder, rare and attractive in such high grade.

Estimate: £3,500 - £4,500