Watch List notes:

De Nederlandsche Bank, specimen 25 gulden, 34 May 1934, serial number AA012345-AA067890, red on multicolour, portrait of president W C Mees at low right, reverse multicolour, guilloche pattern, value in each corner, red SPECIMEN overprint, perforated(Pick 50) uncirculated, scarce.

Estimate: £900 - £1,100