Watch List notes:

BANKNOTES, CHINA Empire. Hunan Government Bank. Tael (2), 1905, 1906 (Pick S1913(?), SUNL1a(?), appears to be unlisted). Both in PMG holders graded Fine-12 Net, Internal Damage, Annotations, and Choice F-15, one damaged with internal holes, the other with all characters legible on the reverse, both have usual ink annotations and red seals. Very rare provincial issues. (2)

Estimate: $ 1,500