Watch List notes:

(x) Palestine Currency Board, £5, 20 April 1939, serial number C717449, orange on green and lilac underprint, Crusaders Tower at Ramleh at left, value at centre and corners, Ezechiel, Caulcutt and Downie signatures, reverse orange, Tower of David at centre(Pick 8c, TBB B103c), in PCGS holder 25, very fine, rust spots, but scarce.

Estimate: £1,000.00 - £1,500.00