China American-Oriental Banking Corporation, Shanghai 5 Dollars 16.9.1919 Pick S97s S/M#S53 Specimen PMG Gem Uncirculated 66 EPQ. The single finest graded example in the PMG Population Report at the time of cataloging, and quite desirable as such. Technically impressive but scarce in all grades, and widely sought after. This example has two hole punched cancellations and red overprints to complete the transformation. This American emission is seldom encountered in issued form, which leads the Specimens to be the best option for obtaining this design and denomination. From the Yuri Solovey Collection of Chinese Foreign Banks & Hong Kong

HID09801242017

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