Watch List notes:

(x) Canadian Bank of Commerce, Canada, $20, Toronto, 2 January 1917, serial number 236328, black on yellow underprint, Neptune at left, three sea maidens at right, Mercury with maiden at right,(Pick S967, Charlton 75-16-04-20a), in PMG holder 55 EPQ about uncirculated, the highest grade given to this note type in PMG population report, extremely rare in this grade.

Estimate: 1200 - 1800