10 Shares of Yen 50. multicolour. Folds. Formed in Japan, 1918. The estate was probably in the Philippines, having some Japanese investment at that time. Most attractive piece, with underprint of many coconut palms, and corner vignettes of flowers and leaves. Text in Japanese and English. First time in our auctions.
Date: 20 May 1918
Startprice: € 120