Watch List notes:

(t) CHINA--PRIVATE ISSUE. Lot of (5). Mixed Banks. Mixed Denominations, 1926-33. P-Unlisted. Private Issue. PMG Very Fine 20 to About Uncirculated 50.
PMG comments "Previously Mounted" on the Hong Sheng Hao 400 Cash; "Stains" on the Shang Hui Tan Pao 10 Cent note; "Stained, Corner Tip Missing" on the Net graded Ta Ho Yuan Hao 100 Coppers; and "Paper Pulls" in the Yung Tai 500 Cash note.

Estimate: $300 - $400