Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $20, 1 April 1974, serial number A/1 000001, signatures Butterfield and Clifford, dark green and multicoloured, portrait of Queen Elizabeth II by Anthony Buckley at right, reverse yacht sailing at Somerset Bridge,(Pick 31a, TBB B204a), in PMG holder 64 EPQ Choice Uncirculated, a very desirable number-1 note, ex-David Saul Collection.

Estimate: 7500 - 8500