AIA 104 B-Timed Auction July 24, 2025

Archives International Auctions - Sale 104B 5 Archives International Auctions www.archivesinternational.com Scripophily - Foreign China - Empire 617 617 China. Shanghai-Nanking Railway 1904 “Net Profit Sub Certificate” China, 1904. Issued Net Profit Sub-Certificate, Black print with black border on white paper, Title at top, S/N A3452, Fine to VF condition. ��������������������� Est. $50-80 China - Scripophily - Empire 618 618 China. Imperial Chinese Government - 5% Tientsin-Pukow Railway Loan of 1908, I/U £20 Sterling Bond China, 1908. £20 I/U 5% Coupon Bond in Chinese and German, Black text with purple border and light blue background. VF-XF condition with damage at top, some signs of wear. ���������������� Est. $60-100