Watch List notes:

(x) Hong Kong & Shanghai Banking Corporation, colour trial $100, ND (1959-72), serial number 000000 UA, olive green and multicolour underprint, woman seated at left, arms at centre, reverse, HSBC building, values at right and four corners,, (Pick 183cts), perforated, in PMG holder 66 EPQ gem uncirculated, rare.

Estimate: £1,200 - £1,500