Watch List notes:

Hong Kong & Shanghai Banking Corporation, Shanghai Branch, 1900-23 Dollar Local Currency Issue. Hong Kong & Shanghai Banking Corporation, Shanghai Branch, 1900-23 Dollar Local Currency Issue.Shanghai, China. 1st March, 1923. $5. P-S353, S/M#Y13-40. Issued banknote. Blue on m/c. "FIVE" undertint in middle, bank arms at top. 1 chop marks on face and one on back. S/N 637775, VF condition with good paper body, bright colors and large even margins with only 2 very small pin holes in body of note that are difficult to see, attractive example of this relatively scarce note. From the "Cuba Collection". BW&C.

Estimate: 3900-7800 HKD