Watch List notes:

BANKNOTES, CHINA Empire. Ningpo Commercial Bank Ltd. Shanghai. Specimen 5-Dollars, 1909. Partially printed specimen of this very rare note. Red seals in both Chinese and English (S/M S107). In PCGS holder graded Choice About New-55 Apparent, Minor Hinge Remnants on Back, the reverse with minor traces of mounting which could be removed with care, otherwise a crisp example with nice ink quality, some tiny handling flaws around the edges.
Due to the extreme scarcity of the full issues, most collectors turn to these specimen or remainders to enhance their collection. Makes a nice set with the 2-Dollar remainder offered in the following lot.

Estimate: $ 2,500