Watch List notes:

(x) South-West Africa / South African Reserve Bank, 10/-, 31 July 1954, AD 292084, £1, 21 April 1942, A/117 762088, 10/- red on multicolour underprint, value and centre and rams at left, reverse arms at centre and values to corners, £1 black on multicolour underprint with ship at left and industrial buildings at lower-right, reverse arms at centre surrounded by text,(Pick 1c, 84e), both very fine, colours pleasingly vivid on the 10/-.

Estimate: £100 - £150