Watch List notes:

National Government of the Republic of China, Allied Victory U.S. Dollar Loan, 1942.China, $50, Issued and uncancelled bonds, 11 coupons attached, Red on yellow underprint with ship and train with large red seal in middle, back blank, VF with paper clip rust on top middle and missing top right corner. Scarce type.

Estimate: 800 - 1600 HKD