Watch List notes:

(x) Bermuda Government, 5 shillings, 20 October 1952, serial number A/1 087525, dark brown on multicolour underprint, profile portrait of Elizabeth II at centre, steamship 'The Monarch' in Hamilton Harbour at low centre, signatures of Kempe and Davidson, reverse Royal crest, value at left and right,(Pick 18a, TBB B119a, Aspen p84), uncirculated.

Estimate: 150 - 200