Lot 118. Banque De L’Indo-Chine, 100 piastres, Saigon, 19.8.1903.

serial number U.16 930, black text on blue, Vasco da Gama at left, sailing ships at bottom and Polynesian man at right, the verse shows the bank title and denomination in Chinese script, (Pick33), PMG 12 Net, Fine with tape reconstruction, rust and pinholes, a very rare and early note that is seldomly offered in auctions. Estimate HK$10,000-12,000

Spink’s Hong Kong. 17th – 18th August 2016.