Watch List notes:

Mercantile Bank of India Limited, 1924 Issue Banknote. Mercantile Bank of India Limited, 1924 Issue Banknote.Shanghai, China, 1st July, 1924, $1, P-S446 (S/M#S54-2), Issued banknote, Black on green and m/c underprint, Sampan near coastline center, back orange and black, S/N 003944, One of 5 notes graded total by PMG which graded it Very Fine 25, very attractive and original note with bright colors and minimal distracting issues as well as being a superior example of this conservatively graded and rare note. W&S.

Estimate: 9700-15500 HKD