Watch List notes:

The Hongkong and Shanghai Banking Corporation, $1, 31.12.1888, serial number 655848, grey and red-orange underprint $1 and Chinese character, arms upper centre, a neat handsigned signature at lower left, reverse red-orange, coat of arms at centre,(Pick 114), PCGS Currency 35 Very Fine, nice fresh colours.

Estimate: $35,000.00 - $50,000.00