Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $50, 1 April 1978, serial number A/2 000002, 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, a very desirable serial number 2 on a very scarce note, ex-David Saul Collection.

Estimate: 1200 - 1400