Watch List notes:

Standard Bank of British South Africa Limited, Natal, specimen/unissued £1, Pietermaritzburg, 18- (ca. 1864?), no serial numbers, blue and white, Britannia at left with flag, shield and allegorical symbols of trade and commerce, one in pale blue tablet low left, reverse green and white with Bank initials elided at centre, also a photograph of Britannia mounted on board with text below 'THE STANDARD BANK OF SOUTH AFRICA LIMITED',(Pick S116 for similar in £5, this denomination not listed in Pick, Hearn 386 for similar), a W. Sprague & Co. printing, perforated CANCELLED and hand stamped CANCELLED at left and right, in PMG holder 53 EPQ about uncirculated, attractive and very rare (2).

Estimate: £3,500 - £4,500