Watch List notes:

Commercial Guarantee Bank of Chihli, 1919 "No Place Name" Issue, Color Trial Specimen.Chihli, China, 1919, $5, P-S2515Acts (S/M #P33-10). Color Trial specimen printed in dark brown with blue and m/c underprint instead of the issued violet color, back brown instead of issued violet, bank building in center, PMG graded Gem Uncirculated 66 EPQ. Rare Color trial of this scarce note. ABNC. This is the only listed color trial in the PMG census.

Estimate: 5500 - 11000 HKD