Watch List notes:

WORLD BANKNOTES, SOUTH AFRICA, The Standard Bank of South Africa Ltd, Five Pounds, 1 December 1916, Cape Town, A/5 845991 (Hern 121; Pick S353); Montagu Bank, Five Pounds, 18-, unissued, no. 1644 (Hern 251; Pick S231) [2]. First with a few pinholes at top left, otherwise very fine to good very fine, second with an 8mm tear in top edge, otherwise very fine £800-1,000

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First only illustrated