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Auction: 14010 - Fine Coins, Banknotes, Bonds and Share Certificates of China and Hong Kong
Lot: 77

Banque Industrielle de Chine, Swatow, specimen $50, Swatow, 1920, serial number 00001-10000, purple, pale brown, green and blue, ornamental lion (chinze) low left and right, Bank initials elided top centre, SWATOW in text low centre, reverse purple, pale green and orange-yellow, pagoda at left
(Pick S397Gs), ink date '26.3.20' in top margin, perforated CANCELLED, in PCGS holder 30, (apparent) very fine, due to lefthand margin damage, very rare

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Estimate
HK$20,000 to HK$30,000