Watch List notes:

The Mercantile Bank of India, $100, 24.1.1956, serial number 98341, red on orange and light blue underprint, houses below mountains at centre, handsigned at lower left, reverse red and black, Mercury with winged helmet at centre,(Pick 239d), PMG 25 Very Fine, with annotations on reverse and minor rust, a nice example of this popular type..

Estimate: $30,000.00 - $50,000.00