Watch List notes:

(x) East Africa, The East African Currency Board, specimen 20 Shillings or 1 Pound, Nairobi 1 January 1933, serial number C/5 00000, blue-black on yellow and orange underprint, portrait of King George V at upper right, value in words and figures, reverse brown-ochre, lion and Mount Kenya at centre, value at left and right and in all four corners,(Pick 22s, TBB B211bs), in PMG holder 65 EPQ Gem Uncirculated, rare in this grade.

Estimate: 1800 - 2400