Watch List notes:

(x) Netherlands Indies, specimen 25 Gulden, 2 March 1943, 000000, obverse brown with portrait of Queen Wilhelmina at right and arms at left, value to corners, SPECIMEN handstamps to left and right and hole-punch cancellations over signatures, reverse green with airman, infantryman and warship from left to right respectively,(Pick 115s), uncirculated.

Estimate: £300 - £350