Watch List notes:

Banque Industrielle de Chine, specimen $100, Shanghai, 1914, without serial numbers, blue, green, lilac and pink, ornamental lion (Chinze) low left and right, value at centre and at left and right, SHANGHAI low centre, reverse violet, pale orange and brown, the Great Wall of China in oval frame at centre, value at left and right(Pick S397Bs, Smith-Matravers C254-5c), perforated SPECIMEN, PMG 25 Very Fine and rare.

Estimate: 13000 - 20000