Watch List notes:

Gouvernements Noot, South African Republic, £1 pound (3), £5 from the Te Velde (Pilgrims Rest) issue, 1 March 1902, black and white, arms of the Republic at left, manuscript signatures of the Acting Auditor-General A.P.Brugman and the Acting Treasurer-General P.R.de Villiers(Pick 66), one £1 has a red wax seal on reverse 'J.H.L FINDLAY- PRETORIA', has a tear along left margin, otherwise very fine, the remaining notes about uncirculated, the £5 very scarce.

Estimate: £500 - £600