CHINA--FOREIGN BANKS. Mercantile Bank of India. $1, 1.7.1924. P-S446.(S/M#54.2) The finest for the catalog number we have handled and a design which seldom appears in grades above Very Fine. This note faces up with Uncirculated appeal through strong original paper and vivid inks. Incredible detail and nice color of the under-printing on this W&S design. We last handled the design in our August 2011 Hong Kong auction where a Fine note brought $1,195.00 as lot 80147.PMG About Uncirculated 55