Chartered Mercantile Bank of India, London and China, $10, Penang, 2 December 1887, serial number 42544, blue, Royal arms at top centre flanked by a lion and a unicorn, value in red protector at centre, manuscript signatures below, reverse blue, value at centre, a Perkins Bacon engraving, minor repairs and a few pinholes, in PMG holder 20 NET, very fine and a lovely looking example with superb original paper, extremely rare and this the only example graded by PMG
TBB unlisted, Pick S132a, KNB 2a, Tan CM 20 S$20,000-S$30,000

This lot was sold as part of a special collection, The Frank Goon Reference Collection of British Malayan Banknotes.

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This is the KNB plate note