Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $5, 1 April 1978, serial number A/1 000001, signatures Butterfield and Humphreys, red-purple on pale green underprint, portrait of Queen Elizabeth II by Anthony Buckley at right, reverse St David's lighthouse at left, St George's harbour at right,(Pick 29a; TBB B202a), in PMG holder 63 EPQ Choice Uncirculated, a very desirable number-1 note, ex-David Saul Collection.

Estimate: 6000 - 8000