Watch List notes:

Ningpo Commercial Bank, 1920 "Shanghai" Specimen Issue.China. $5, P-541As S/M#S170, Specimen banknote, blue on m/c with bank building in middle, back brown, PMG graded Choice About Uncirculated 58, ABNC. This is the only example listed in the PMG census as well as not being listed in the SCWPM. Very possibly a color trial since the issued note was in red and m/c.

Estimate: 4500 - 9000 HKD