Watch List notes:

BANKNOTES, CHINA Empire. Ta-Ching Government Bank. Uniface Reverse Proof 50-Dollars, 1909. Printed by American Bank Note Company, New York (Pick A78Ap; S/M T10-33). In PMG holder graded Gem UNC-66 EPQ, small inked number "#27-a" at the centre of the reverse. A rare denomination as a reverse proof issue.

Estimate: $ 1,800