Watch List notes:

Gouvernements noot, South Africa, a partial set from the Pretoria, 28 May 1900 issue, £5 (3), £20 (2), £50, £100, grey-green text on white thick paper, arms at left, two manuscript signatures below(Pick 42b, 43a, 44b, 45b, 47), the £100 about uncirculated, an excellent example, the remainder very fine to extremely fine (7).

Estimate: £500 - £600