Watch List notes:

(x) South African Reserve Bank, £20, 3 September 1928, serial number C/3 015963, blue on multicolour underprint, sailing galleon landing men and supplies at left, mining and industry at right, reverse blue, arms at centre, Clegg signature(Pick 88a), an exceptionally nice looking very fine, with original paper, rare.

Estimate: £1,200 - £1,600