Watch List notes:

Bermuda Government, 5/-, 12th May 1937, serial number M/4 079807, brown, King George VI at centre, The Monarch ship at Hamilton harbour, at lower centre, Young and Trimingham signatures, reverse, Royal Crest,(Pick 8a, TBB B108a), in PMG holder 65 EPQ Gem Uncirculated, not an easy note to find in this grade.

Estimate: £500 - £700