Watch List notes:

(x) BERMUDA, Bermuda Monetary Authority, $20, 20 February 1989, serial number B/1 000005, signatures Mann and Simmons, green and multicoloured, portrait of Queen Elizabeth II by Peter Grugeon at right, reverse yacht sailing at Somerset Bridge,(Pick 37a; TBB B211a), in PMG holder 66 EPQ Gem Uncirculated, a very low serial number, ex-David Saul Collection.

Estimate: 600 - 800