Watch List notes:

Lao Specimen Essay Banknote1948. P-Unlisted. 100 Kip. Essay trial color specimen banknote for proposed and unaccepted banknote issue from Laos. Grey-green borders & orange-yellow Temple undertint on front; back has temple in blue. Dated 3-10-48 in red on right and numbered C2003-100M in red on upper left. Red specimen overprint, "00000" serial numbers and POC's. Choice uncirculated condition. Unique color trial in archive. SBNC.

Estimate: 7500 - 15000 HKD