Watch List notes:

Straits Settlements: 25 Cents ND(1917-20) P. 7, a very rare issue of this country. It gets more and more rare on the market and is very hard to get. This example is folded at center and horizontally, has a tiny center fold hole, a taped tear at upper left and a 0,7mm tear at right border along the horizontal fold. The notes was never washed or pressed, the colors are still original and bright. Condition: F-.