Watch List notes:

HongKong & Shanghai Banking Corporation, $5, 1 January 1901, serial number 696234, green on yellow, arms at centre, one handsigned signature, reverse red, allegorical woman representing Agriculture, Commerce and Industry,(Pick 150), PMG 15 Choice Fine (Repaired, Ink). A scarce early large size note with only 3 better examples on PMG Census.

Estimate: 30000 - 40000