Watch List notes:

Central Bank of China, $10, uncut sheet of 4 specimens, Shanghai, 1928, serial number 00000, dark blue and multicolour, reverse green, Sun Yat Sen at centre, printer ABNC, with two small hole punch cancellations at lower left and right,(Pick 197s1), PMG 64 Choice Uncirculated. An early specimen and rare as an uncut sheet of four..

Estimate: 8000 - 22000