Watch List notes:

Cheong Tai Chong, $1, specimen, Swatow, 1914, dark green on light purple, eagle with a ribbon in its beak at centre, mother and child watching sailing sampan at lower left, junk boat at lower right, reverse red, Chinese house by sea at centre,PMG 45 Choice Extremely Fine (Previously Mounted). Unusual to label 'One Dollar' as 'Ten Chiao'.

Estimate: 7000 - 15000