Watch List notes:

China, National State Lottery Administration, (Pick unlisted), a group of 3x $1, Shanghai, Year 22-23 (1933-34), 2nd, 7th and 8th terms, serial numbers 053201, 272273 and 414996 respectively,graded PMG 65EPQ, 58 and 65EPQ respectively (3)..

Estimate: 2000 - 3000