Watch List notes:

BANKNOTES, CHINA Republic. Bank of Communications. Shantung. Specimen 1-Yuan, 5-Yuan and 10-Yuan set, 1927. SPECIMEN overprints and cancellation punch-holes at the signature panels (Pick 145Bs, 146Cs, 147Bs). All in PMG holders graded UNC-62 EPQ, AU-55 EPQ and Choice AU-58 EPQ respectively, a well matched set of EPQ notes. (3)

Estimate: $ 1,200