Watch List notes:

(x) Bermuda Government, £1, 30 September 1927, red serial number B/1 269777, blue and pale green and yellow, a view of Hamilton harbour from Crow's Lane at centre, head of George V at right, the Crest of Bermuda at left, value at each corner, printed signature of C.H.Clay at low left, of the Receiver General Allan F.Smith low right, reverse blue and white, arms at centre, value at left and right,(Pick 5, TBB B105a, Aspen p.60/61), ex-David Saul Collection, Spink 2013. In PMG holder 64 Choice Uncirculated, rare in this grade.

Estimate: 4000 - 5000