Watch List notes:

Hongkong & Shanghai Banking Corporation, China, 1 tael, Shanghai, 1874, serial number 1350, (Pick S372), PMG 15 Choice Fine (Splits, Annotations). This is possibily one of the earliest foreign bank issues in China. Also the very few banknotes denominated in taels. Scarce in any condition and important for China Foreign Banknote collectors..

Estimate: 46000 - 60000