Watch List notes:

China (2) The 27th Year Gold Loan of the Republic of China (1938) $5 US, Blue with red/orange panel at top left, some folds, Near VF with 12 coupons, The 29th Year Gold Loan of the Republic of China (1940) $5 US, Blue with red panel at top left, VF with 38 coupons

Estimate: 30-50 GBP