Watch List notes:

Bank of China, $5 overprinted on Ta Ching Government Bank, Shanghai, 1912 (original date 1909), serial number 607774, brown and black on blue, Li Hong Zhang at left, gazebo at right, the original Bank title and date overprinted and covered with a star within a circle and the new details printed below, reverse in similar colours and Bank title renamed 'BANK OF CHINA', Summer Palace at centre,(Pick 17i), PMG 15 Choice Fine (Minor Repairs). The ONLY note graded by PMG and a rare subtype with the circular star overprint rather then horizontal lines. A superb note with light repairs to the upper margin which do not extend in the main design. A classical Qing era design printed by ABNC. Phenomenally rare!.

Estimate: 350000 - 600000