Watch List notes:

Charhar Commercial Bank, Yr.24 (1935) "Coppers" Issue. Charhar Commercial Bank, Yr.24 (1935) "Coppers" Issue.China, 40 Coppers, P-S856H S/M#C3-7, Issued banknote, Dark brown with hillside building, back brown, Pin-punch "PAID" across central vignette and unlisted in this form, PMG graded Choice Uncirculated 64 NET with note of perforation cancelled and previously lightly mounted, S/N A0240866, Extremely rare note and the first time this variety has been offered by us. This is the only one graded in the PMG census and is also unpriced in the SCWPM. This note will be difficult if not impossible to improve upon and is missing from most advanced collections.

Estimate: 6200-12400 HKD