Watch List notes:

(x) Bank of Taiwan, 1 yen in gold, ND (1904), serial number in red 863143, block O, orange-yellow and black, onagadori cockerels top left and right, dragon low left and right, reverse purple, value and text, (Pick 1911, Smith Matravers T70-10), in PMG holder 30 Very Fine, stains lightened. A pleasing example.

Estimate: £150 - £200