Watch List notes:

British North Borneo Company, $1, 29 July 1927, serial number F300141, black and red, Mount Kinabalu at top centre, arms at low centre, value at corners(Pick 20 [PMG holder incorrectly states 19]), in PMG holder 25, very fine, with completely original paper, a lovely example.

Estimate: £500.00 - £700.00