Watch List notes:

Chou Hua Hou Ngan Chong, $10, specimen, Swatow, without date, vertical format, red and pale green, contemporary mansion at upper centre, Chinese folk figures within borders, reverse purple and light orange, steam locomotive passing a farm at centre,PMG 63 Choice Uncirculated (Stains, Printer's Stamps).

Estimate: 4500 - 9000