Watch List notes:

(x) Volkskas Ltd., Southwest Africa, £5, 1 September 1959, serial number S/4 69028, brown on green and red underprint, waterfall and river at left, value at centre and corners, reverse brown, antelopes at centre, arms at low left,(Pick 15b, TBB B303e), ex. Amon Carter collection, in PMG holder 40 EPQ, extremely fine, very rare and a superb Waterlow design and engraving, a lovely example.

Estimate: £2,500.00 - £3,000.00