Watch List notes:

Central Bank of China, 1948 Issue Color Trial Proof Face. Central Bank of China, 1948 Issue Color Trial Proof Face.China, 1948), 5000 CGU, P-360 Unlisted Color Trial Proof of face, Printed in black instead of issued blue, SYS at top center, Choice AU to Unc. With light glue stains from previous mounting, Large margins. Rare if not unique as color trial proof. Printed on white paper. SBNC.

Estimate: 3900-7800 HKD