Watch List notes:

The Hongkong and Shanghai Banking Corporation, $5, 1.1.1909, serial number A062541, green and pale orange, value in orange at low centre, arms at centre, junk at right, water carriers and street scene at left, handsigned at lower left, reverse red and black, bank building at centre,(Pick 161), PMG 12 Fine (Repaired, Rust), a scarce first year of issue.

Estimate: $25,000.00 - $40,000.00