Straits Settlements 5.9.1924 P-4bx PMG Very fine 20 10 Dollars (Contemporary Counterfeit)
A local craftsman in the former British Colony used significant talent to fabricate this counterfeit note, which at first glance presents as a genuine note. It was so clever that it circulated alongside genuine notes for some time, as evidenced by the circulation and contemporary annotations present on this example. It is distinguishable from genuine examples most easily by comparing the watermark, which apparently was the most challenging aspect to replicate. Rare and still very collectible. PMG mentions "Ink; minor repairs".