Watch List notes:

Republik Indonesia Serikat, ND (1949) Essay Specimen Banknote. Republik Indonesia Serikat, ND (1949) Essay Specimen Banknote.Indonesia, ND, (ca.1949). 50 Rupiah, Series 1-A. P-Unlisted, Essay specimen banknote of a proposed and never issued 1948-49 Indonesia banknote Series. Red specimen overprints, POC's and "00000" serial numbers. Small red printing on upper right margin of face reads " 12-21-49 FP and back "12-21-49 BB. Front is purple, back is olive indigo. Back of note has farmer plowing with oxen. Evidently Indonesia did not accept this issue. PMG graded Gem Uncirculated 66 EPQ, Rare banknote in any format or condition. SBNC.

Estimate: 5800-11600 HKD