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Auction: 14010 - Fine Coins, Banknotes, Bonds and Share Certificates of China and Hong Kong
Lot: 1621

Shanghai Telephone Co. (Federal inc. U.S.A.), certificate for 3½% cumulative participating preferred stock of $10, 19[47], no.AP00077, ornate border, yellow and black, printed by Kelly & Walsh, good very fine.

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Estimate
HK$800 to HK$1,000