Watch List notes:

BANKNOTES. CHINA - FOREIGN BANKS. National Commercial & Savings Bank Ltd: Uniface Obverse and Reverse Proof $50, 1 December 1924, Shanghai, green, Great Wall at centre, unperforated and mounted on card stock, ABNC Archive Proofs (P S455). Uncirculated and rare.
(2pcs)

Estimate: US$2,500-3,000