Watch List notes:

(x) Hong Kong & Shanghai Banking Corporation, $1, 1 July 1913, serial number 2276435, black on blue and yellow underprint, helmeted Minerva at left, arms at lower right, reverse, red, maiden with lyre at centre,, (Pick 155b), in PMG holder 30 EPQ very fine, early date of this type thus rare.

Estimate: £400 - £500