Watch List notes:

36th Year (1947) U.S. $5000 Short Term Treasury Notes of the Republic of China (First Issue) 20% Bond. China, 1947, $5000 U.S. 20% Bond, black on purple with CKS on top right and green revenue stamp on top left, red seal in middle, back with brown border, black text on light blue underprint, 4 coupons attached, appears VF but there is light rust spots from old paper clips on the top margin and the number"8" hand written on the right middle face. Rare high denomination bond.

Estimate: 7500 - 15000 HKD