Watch List notes:

(x) African Banking Corporation Ltd., Natal issue, archival specimen £5, ND (1900-20), serial number range N/5 A21001-36000, dark blue on multicolour underprint, antelope at top centre, arms at top left and right, value at corners, CANCELLED perforation(Pick unlisted), in PMG holder 64, choice uncirculated, very rare.

Estimate: £2,000.00 - £2,500.00