Mercantile Bank Limited, Hong Kong, an excessively rare $50, 1 July

Mercantile Bank Limited, Hong Kong, an excessively rare $50, 1 July 1935, serial number 62205, Kennedy and Stewart signatures, brown and black on multicoloured underprint, reverse showing a superb engraving of Chinese style building, restoration along central fold, ink annotations, in PMG holder 20 NET, a presentable very fine, a handsome Waterlow & Son printed note, first date for type BNB B226a, Pick 240 £10,000-£15,000.

Estimate:$13,382.67

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