Watch List notes:

BANKNOTES, CHINA Republic. Chinese-American Bank of Commerce. Shanghai. Dollar, 1920. (Pick S235c; S/M C271-2d). In PMG holder graded VF-20 Net, Foreign Substance (only two examples graded by PMG for the variety and this is the better example), the crossed creases have caused some discolouration but the vivid details of the original design can still be made out, especially the beautiful scene of Statue of Liberty. A classic rarity of the foreign bank issues and very difficult to locate in any grade.

Estimate: $ 1,500