Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $50, 2 January 1982, serial number A/2 300004, signatures Yearwood and Trued, 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 B205c), in PMG holder 66 EPQ Gem Uncirculated, a very low serial number (the series starting at A/2 300001) ex-David Saul Collection.

Estimate: 500 - 700