Watch List notes:

China: 1913 Lung Tsing U Hai Railway 5% Gold Loan, 20 pounds bond, number B230677, large vertical format, blue guilloché borders, green and yellow underprint, French and English text, two large seal signatures bottom left and right, with coupons, About Extremely Fine, even edges and well perserved, pin holes along the left border.

Estimate: 1500 - 2500