Watch List notes:

(x) Bermuda Government, 10/-, Hamilton, 30 September 1927, red serial number A000010, 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), ex-Christensen Collection, Spink 2009. Ex-David Saul Collection, Spink 2013. A rare Waterlow printing, unusual because De la Rue were the printers before and after this issue. In PMG holder 25 Very Fine and a very low number, rare and desirable.

Estimate: 3000 - 4000