Watch List notes:

The Mercantile Bank of India, $5, 29.11.1941, serial number 200615, green on yellow and orange underprint, sampan, houses and bridge near lakeside at centre, reverse purple and black, Mercury with winged helmet at centre,(Pick 235d), PMG 50 About Uncirculated. A fresh and orignal note is high grade! The third highest grade in the PMG population report for this year with only two notes graded higher in 55 and 58!.

Estimate: 100000 - 150000