Watch List notes:

Frontier Bank, China, obverse and reverse proof for 10 yuan, 1925, no serial numbers or signatures,(Pick S2573p1, 2), both PMG 62 (edge damage), Ex ABNC archive, these were not sold in the auction back in the 1990s. Scarce proof form without perforation or any overprints, scarce.

Estimate: 2500 - 4000