Watch List notes:

National Industrial Bank of China, 1924 Issue Specimen.China, Lot of 2 items, Includes 5 Yuan, P-526s (S/M#C291-2), Specimen banknote, Red on m/c, Running horse on ocean in middle, back red, Includes matching proof vignette printed in black on india paper mounted on manila card stock, Specimen overprints, POC's, Appears CU at first glance but the note was folded for storage on the top margin that keeps this AU to Choice AU note from CU condition. ABNC.

Estimate: 3200 - 6000 HKD