Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $50, 1 May 1974, serial number A/1 000001, signatures Butterfield and Clifford, brown and multicoloured, portrait of Queen Elizabeth II by Anthony Buckley at right, reverse Gibb's Hill Lighthouse at left, map at upper right,(Pick 32a; TBB B205a), in PMG holder 58 EPQ Choice About Uncirculated, a very desirable serial number 1 on a very rare note, ex-David Saul Collection.

Estimate: 9000 - 11000