Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $20, 2 January 1981, serial number A/2 500001, signatures Yearwood and Trued, dark green and multicoloured, portrait of Queen Elizabeth II by Anthony Buckley at right, reverse yacht sailing at Somerset Bridge,(Pick 31c; TBB B204c), in PMG holder 64 EPQ Choice Uncirculated, a very desirable number-1 note, the series for this date starting at A/2 500001, ex-David Saul Collection.

Estimate: 1000 - 1400