Watch List notes:

The Hongkong and Shanghai Banking Corporation, $5, Shanghai, 3.9.1919, serial number 526451, blue on orange, arms at upper centre, '5' at each corner, handsigned at lower left, reverse red, allegorical scene of 'Agriculture' at centre,(Pick S352A), PMG 53 About Uncirculated (Stain) and a high grade for this type.

Estimate: 8000 - 12000