Watch List notes:

(x) Bermuda Government, 10/-, Hamilton, 30 September 1927, red serial number H 079543, red and pale orange, view of the Harbour of Saint George and Ordnance Island at centre, head of George V at right, the Crest of Bermuda at left, Easter lilies at left and right, printed signature of C.H.Clay low left and of the Receiver General Allan F. Smith low right, reverse red and white, the Crest of Bermuda and value at centre, value at each corner,(Pick 4, TBB B104a, Aspen p.58/59), A rare Waterlow printing, unusual because De la Rue were the printers before and after this issue, in PMG holder 35 Choice Very Fine, very rare and desirable in this grade.

Estimate: 3000 - 4000