Watch List notes:

China & South Sea Bank, Limited, 1921 Specimen Issue.China, 1 Yuan, P-A121s Unlisted Specimen, (S/M#C295-1-), Specimen banknote, Blue on m/c underprint, Monument at center, back blue, S/N 000000, Appears Choice Uncirculated but has a very light fold on the right margin where it had been folded and stored archivally in a file for many years, Rare note as a specimen. ABNC.

Estimate: 3800 - 7500 HKD