Watch List notes:

Imperial Bank of China, 1898 "Peking" Branch Issue. Imperial Bank of China, 1898 "Peking" Branch Issue.China, 5 Mace, P-A39a (S/M#C293-1b), Issued banknote, Dark blue, brown and red on orange underprint, Dragons supporting shield at top center, S/N 19821, PMG graded Fine 12 NET with notation of fold split repairs and pin holes which are difficult to view. Rare note in any condition and this example appears with bright colors and large margins. BFL, printer. Only four examples graded in the PMG census.

Estimate: 15500-31000 HKD