Watch List notes:

Kwangtung Provincial Bank, 1935 Local Currency Issue Specimen. Kwangtung Provincial Bank, 1935 Local Currency Issue Specimen.China, 1935, 50 cts, P-S2438s, (S/M #K56-33), Specimen, Blue on m/c with SYS at right, Specimen overprint, POC and S/N 00000, Choice to Gem Uncirculated condition. ABNC.

Estimate: 1600-3100 HKD