Watch List notes:

BANKNOTES. CHINA - FOREIGN BANKS. National Commercial & Savings Bank Ltd: Uniface Obverse and Reverse Proof $5, 1 December 1924, Hankow, dark blue, Great Wall at centre, unperforated and mounted on card stock, ABNC Archive Proofs (P S448). Small piece missing from lower right corner of the Obverse Proof without affecting the main frame, uncirculated.
(2pcs)

Estimate: US$1,500-2,000