Watch List notes:

National Government of the Republic of China, Allied Victory U.S. Dollar Loan, 1942 Pair.China, Lot of 2 $20, Issued and uncancelled bonds, both with 11 coupons attached, Blue with ship and train with large red seal in middle, back blank, VF to XF. Scarce type (2).

Estimate: 900 - 1900 HKD