Watch List notes:

ZAR Republic, South Africa, specimen 5 pond, ND (ca 1902), black and white, arms at left, TE VELDE Z.A.R. in text low left, reverse text(Pick A66 for similar), the 5 pond not listed in Pick, purple DUPLICATE handstamp and manuscript 'Specimen' in field, Manuscript annotation 'Compliments of the Krugs Comn.'. and handstamp PILGRIMS REST 31 May 1902'. Most unusual and probably a proof sent for approval, this denomination never issued. Unusual and very rare.

Estimate: £450.00 - £550.00