Watch List notes:

Ville de Tokyo, 1912, 500 Francs Issued Bond. Ville de Tokyo, 1912, 500 Francs Issued Bond.Japan, 1912, 500 Francs, black on green, sailboat traveling on river, factory on right, street car on left, I/U, VF condition, W&S. Scarce and Attractive.

Estimate: 1900-3900 HKD