CHINA--REPUBLIC. Ningpo Commercial Bank. 10 Dollars, 1925. P-548. PMG Fine 12.
(S/M#S10-32). Printed by G&D. Shanghai. PMG has graded just 11 examples of this scarce Republic era note at the time of cataloging. A mountain is depicted at center with a body of water with forest scenery. The reverse depicts a vessel flanked at left and right by "10" counters. PMG comments "Tape Repair, Ink Stamps."
Estimate: $400 - $600