Watch List notes:

China & South Sea Bank, Ltd., 1921 Counterfeit From American Bank Note Co. Research Department. China & South Sea Bank, Ltd., 1921 Counterfeit From American Bank Note Co. Research Department.China, 1921, 5 Yuan, P-A122 Unlisted Counterfeit, Purple on multicolor underprint, Well done and well circulated counterfeit banknote from the ABNC Research department reference collection, this is a counterfeit found in China in the late 1920 to early 1930's and sent back to the research department to study how the counterfeit was fabricated. This is not being sold as a real note but as a very interesting and rare research item from ABNC Archives.

Estimate: 1200-2300 HKD