CHINA--REPUBLIC. Bank of Communications. $10, 1.9.1912. P-108c.(S/M#C126-25c) This highly rare design type is the first we have handled for the catalog number. The note is seen in a large format and shows with deep blue bordering design and light blue vignette at bottom center with Train and ship. Scrolled bank name at top center with denomination counter below. Fine ochre under-print and red serial numbers and square seals. Back design in English with Dark brown primary inks and light brown under-print with English signatures and bank name. Single serial number again at bottom left. The note is found with four professional restored punch cancels with two at top center and two at bottom center. Currently the only piece PMG has graded for the catalog number.PMG Choice Very Fine 35 Net. Professional Restoration of Hole Cancelled Note with Holes Refilled.
