Watch List notes:

Kingdom of Siam / Thailand, 1925 Issue Banknote. Kingdom of Siam / Thailand, 1925 Issue Banknote.Kingdom of Siam / Thailand, May. 15, 1925. 10 Baht, P-18a TB27. Type 1 text, Issued banknote, Red-brown on pink, winged Garuda on top left, tricephalic elephant symbol lower right, ceremonial procession, back. Signature 10. S/N N/5 23815, PMG graded Choice Very Fine 35 NET, Margin Damage Substance due too small area on top right border. TDLR.

Estimate: 900-1900 HKD