Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $50, 1 April 1978, serial number A/1 596001, signatures Butterfield and Humphreys, 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 32b; TBB B205b), in PMG holder 65 EPQ Gem Uncirculated, very scarce, ex-David Saul Collection.

Estimate: 600 - 800