Thailand. Hong Kong and Shanghai Banking Corporation. 1 Tical, 1.7.1890. P-S121.Siam, Bangkok. With additional Chinese overprints in margins of denomination. This highly rare issue is one of only two pieces we are aware of and the finer of the two. The note shows printed by Barclay and Fry and exhibits the contemporary for the period styling. A deep red orange primary color creates the outer frame and inner wording and protector with a gray lathe under-print. Hand accomplished signatures and date and with crowned supported royal arms at top center. Overall great quality with mostly even wear and only a few minor edge and internal splits along with a minor spot of rust. Well margined and certainly a note missing in even the most advanced of collections.PMG Very Fine 25 Net. Splits, Minor Rust.
