CHINA--REPUBLIC. Ningpo Commercial Bank. 10 Dollars, 1.9.1925. P-548.

Single Finest German Printed 10 Dollars in 58-EPQ CHINA--REPUBLIC. Ningpo Commercial Bank. 10 Dollars, 1.9.1925. P-548. S/M#S107-32. PMG Choice About Uncirculated 58 EPQ. Shanghai. Printed by Giesecke and Devrient. Rare issued 10 Dollars from the fifth and last series issued by this bank. Si Ming Mountain at centre. An excellent quality note with excellent preservation of paper and the lightest hint of handling. The SINGLE HIGHEST graded note in the PMG census and one of the more popular 'Commercial Banks' operating in the early days of the Republic of China. Estimate: $7,000 - $10,000. 唯一冠軍分德國印製拾圓58EPQ 民國十四年四明銀行拾圓。 上海地名。Giesecke與Devrient印製。該行發行之第五版兼最後一版之罕見拾圓流通票。中央為四明山。品相極佳，紙張保存完好，僅具極輕微之經手痕跡。PMG評級紀錄中唯一之冠軍分，亦為民國初期營運之"商業銀行"中較受歡迎者之一。

Estimate:£2,648.6

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