Watch List notes:

Hong Kong Printing Press, $5, specimen, Tchung Swa, without issuer title or date, vertical format, brown, Chinese character 'Wu' (Five) at upper centre,flowers within borders, reverse brown, denomination at top, centre and lower poart of the note, floral designs,almost uncirculated, previously mounted and with stain marks. A scarce place of issue.

Estimate: 3500 - 7000