Watch List notes:

(x) Bermuda Government, 5 shillings, 1 August 1920 (1935), serial number A/1 09801, green on pale pink, head of George V at centre, value in green panel at left and right, printed signature of the Receiver General Allan F. Smith low right, reverse pale violet and white, sailing ship at centre, value in scroll below, value in rosette at left and right,(Pick 3a, TBB B103a, Aspen p.55), a De la Rue engraving, tiny handstamp on reverse, a fresh and original example, about uncirculated and extremely rare in this grade.

Estimate: 9000 - 10000