Watch List notes:

(x) Bank of East Asia, colour trial specimen $10, Shanghai, 1.1.1924, green on light yellow, city scene at centre, denomination at each corner, 'SPECIMEN WATERLOW AND SONS LTD.' overprinted in red, hole punch cancelled, the reverse shows the bank building at centre,, (Pick S303Cs), in PMG holder, previously mounted, 64 Choice Uncirculated, beautiful design, scarce.

Estimate: £1,200 - £1,400