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Auction: 16011 - Banknotes, Bonds and Share Certificates and Coins of China and Hong Kong
Lot: 1431

Mercantile Bank of India, $25, specimen, 1912, without serial numbers, blue and black on orange-yellow, sampans by quay side at left, reverse red and black, Mercury at centre, signed by Macdonald,
(Pick 237s), PMG 64 Choice Uncirculated, an iconic note in the Hong Kong issues and extremely rare.

Sold for
HK$400,000