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Auction: 15038 - Banknotes, Bonds and Shares, Coins and Medals of South East Asia sale during the International Exhibition
Lot: 80

Mercantile Bank of India Limited, Hong Kong, colour trial $25, Hong Kong, ND (1912), brown and green and pale orange, oval vignette at left with house and boats by a river, pagoda in background, value in green underprint low left centre, value at each corner, reverse green, head of Mercury at centre, value at left and right, three cancellation holes, red SPECIMEN NO VALUE overprint, blue WATERLOW seal low left centre,
(Ma M 9 for type), in PCGS holder 58, choice about new, minor mounting traces on reverse, a lovely design and extremely rare

Sold for
SG$52,000