Watch List notes:

Sino-Belgian Bank, 5 Mexican Dollars, specimen, Shanghai, 1.1.1904, serial number B00000, red and green, arms at upper centre, 'FIVE' in red in lower centre, dockside scene below, reverse similar colours, arms at centre flanked by '5' at two sides, blue 'SPECIMEN' overprint on front and back and also perforared 'SPECIMEN' at lower centre, punch hole cancelled,(Pick S567s), PMG 55EPQ About Uncirculated. The only note graded in the PMG Population Report. Exceedingly rare..

Estimate: $28,000.00 - $38,000.00