Watch List notes:

British North Borneo Company, $1, 2 January 1922, serial number A/A 818385, black and red, Mount Kinabalu at top centre, arms at low centre, value at corners(Pick 15), in PMG holder 20, very fine, completely original paper, a superb example of a very scarce note.

Estimate: £2,000.00 - £2,500.00