Watch List notes:

Pei Yang Tientsin Bank, 5 taels, remainder, no date (c. 1910), serial number 196469, vertical format. green, black and red on multicolour, Li Hong Zhang at upper centre, dockside scene at lower centre, reverse green and red, Chinese and Manchu text,(Pick S2523r), PMG 40 Extremely Fine and a scarce type..

Estimate: $10,000.00 - $20,000.00