Watch List notes:

Swatow: Cheung Sing Bank, $50, specimen, 1.1.1912, printed by The Hong Kong Printing Press,(Pick not listed), PMG 50 About Uncirculated (Printer's Annotation and Stamps, Stained). The reverse with the English text 'Promises to Pay..etc' and also a desirable high denomination. Rare.

Estimate: 6500 - 8000