Watch List notes:

(x) Volkskas Ltd., Southwest Africa, £5, 1 September 1959, serial number S/4 47399, brown on green and red underprint, waterfall and river at left, value at centre and corners, reverse brown, antelopes at centre, arms at low left,(Pick 15b, TBB B303e), has minor mounting traces on reverse, strong original paper, very fine, lovely Waterlow design and engraving, rare in any grade.

Estimate: £2,000 - £3,000