Watch List notes:

Cayman Islands Currency Board/Bermuda Government, $40, 1974, A/1 000398, 5/-, 12 May 1937, X/2 691246, $40 mauve on multicolour underprint, portrait of Queen Elizabeth II at right and arms at centre, reverse value at left and scene of Pirates Week Festival at centre, 5/- pale brown on multicolour underprint, portrait of George VI at upper centre and reverse multicolour with arms at centre and values to left and right,(Pick 9a, 8b), in ICG holders 45 Extra Fine and 40 VF/EF respectively, the $40 a good first series low number example. Subject to 20% VAT on Buyerís Premium. For more information please view Terms and Conditions for Buyers.
(Estimate: $150-250)