Watch List notes:

China & South Seas Bank, Ltd., 1927 Specimen Banknote. China & South Seas Bank, Ltd., 1927 Specimen Banknote.China, 5 Yuan, P-A127s, S/M#C2957-21, S/N 00000, Unlisted Specimen banknote and unlisted without place name, PMG graded Gem Uncirculated 66 EPQ, Red on m/c with monument on left, back blue, Very attractive note. ABNC. Only one note grading higher in the PMG census.

Estimate: 7800-15500 HKD