Watch List notes:

BANKNOTES. CHINA - PROVINCIAL BANKS Canton Municipal Bank: Uniface Obverse and Reverse Colour Trials, $5, brown/blue instead of issued green/red-brown; $10, purple/red instead of issued red/olive; $50, violet/green instead of issued blue/orange, all dated 1 May 1933, Canton, punch-hole cancellation and red “SPECIMEN WATERLOO & SONS LTD” overprint; with an issued $5 (P S2279, S2280, S2281). Last very fine, the colour trials uncirculated.
(7pcs)

Estimate: US$2,500-3,000