HONG KONG. Mercantile Bank of India. $5, 29.11.1941. P-235d.A note which ranks among the best we have handled for this Five Dollar denomination. The piece borders on an EF grade with sensational detail and color throughout while retaining strictly original paper. The large format design allows for terrific detail of the design with rayed under-printing with shoreline vignette at top center. The last we handled of comparable quality was a Choice Very Fine Note as lot 24679 in our April 2012 Hong Kong sale which brought $2,748.00. We feel this representation is a touch nicer. The second finest PMG has graded with only a single Extremely Fine note bettering this example according to their reports. PMG Pop. 1 / 1 finer.PMG Choice Very Fine 35 EPQ
