Watch List notes:

The Hongkong and Shanghai Banking Corporation, $5, Tientsin, 1901, serial number 16761, brown and blue-green, arms at upper centre, '5' in four corners, two handsigned signatures, reverse red, arms at centre flanked by '5' at two sides,(Pick S378), PMG 50 About Uncirculated (Minor Tear). Extremely rare in this condition for an issued note. Only two recorded in the PMG Population Report, the other graded 55EPQ. Exceedingly rare and choice..

Estimate: $55,000.00 - $70,000.00