CHINA--REPUBLIC. Commercial Bank of China. $5, 1932. P-14a.(S/M#C293-70a) Shanghai branch. A scarce note which is seldom encountered in Very Fine grades and rare any better. This pleasing piece retains nice color and detail throughout with various counter stamps on face and back. Mostly problem free other than a bit of rust seen at the top margin which is also mentioned in the comments section of the PMG holder. We last sold an item of the same catalog number in a Choice Fine grade which brought $538.00 as lot 80046 in our August 2011 Hong Kong sale.PMG Very Fine 20 Net. Rust.
