Watch List notes:

Mercantile Bank of India, $10, 1.12.1937, serial number 82966, red-brown on yellow and green underprint, sampan, houses and bridge near lakeside at centre, handsigned at lower left, reverse green and black, Mercury with winged helmet at centre,(Pick 236d), PMG 40 Extremely Fine (Stained). The single highest graded note for this scarce date in the PMG population report. A very rare, choice and original note..

Estimate: $100,000.00 - $150,000.00