Watch List notes:

(x) Government of the Straits Settlements, $5, 1 January 1925, serial number D/49 25111, green on yellow underprint, arms at top centre, man and boy with water buffalo at low right, value at centre and corners, reverse green, tiger at top centre(Pick 10a, TBB B119a), ex. Mel Steinberg, first date for type, in PMG holder 40, extremely fine, a fully embossed original with minor foxing, a wonderful grade for this very rare note.

Estimate: £3,500.00 - £4,000.00