Watch List notes:

The Mercantile Bank of India, $50, 29.11.1941, serial number 88312, brown and multicolour, classical male bust at left, watermark of the same at right, '50' at each corner, printed manuscript signatures at lower left and right, reverse brown, pink and green, traditional Chinese house at centre,(Pick 240c), PMG 25 Very Fine (Restoration). A scarcer date than the 1935 issue. Very rare, only 5000 printed and only 13 graded by PMG whilst the 1935 date had an issue of 40,000..

Estimate: $180,000.00 - $240,000.00