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Auction: 14010 - Fine Coins, Banknotes, Bonds and Share Certificates of China and Hong Kong
Lot: 49

Hong Kong and Shanghai Banking Corporation, specimen $50, ND (1912), serial number 4501-8500, red and multicoloured, arms top centre, value at centre and at each corner, reverse red , Britannia at centre with symbols of Empire, value at left and right
(Pick S361s, Cribb 5.12c), ink date 'March 1912' in top margin, perforated SPECIMEN, in PCGS folder 58, choice about new, PPQ, very rare

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Estimate
HK$12,000 to HK$18,000