Watch List notes:

Central Bank of China, $100, uncut sheet of 3 specimen notes, Shanghai, 1928, serial number 00000, olive and multicolour, reverse purple, Sun Yat Sen at centre, printer ABNC, with two small hole punch cancellations at lower left and right,
(Pick 199s1), PMG 65EPQ Gem Uncirculated. Extremely rare.

Estimate: 8000 - 15000