Watch List notes:

Commercial Guarantee Bank of Chihli, 1919 "No Place Name" Issue, Color Trial Proof.Chihli, China, 1919, $10, P-S2516cts (S/M #P33-11). Color Trial specimen printed in black with brown and m/c underprint instead of the green on m/c color, back black instead of issued green, 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: 7000 - 14000 HKD