Watch List notes:

(x) Hong Kong and Shanghai Banking Corporation, colour trial specimen $10, Shanghai, 1 January 1924, red and green, arms top centre, printed signature low right , reverse red, bank building at centre, value at left and right, (Pick S365Acts), red WATERLOW SPECIMEN overprint, in PMG holder, previously mounted, 64 Choice Uncirculated,.

Estimate: £1,800 - £2,400