Watch List notes:

NAMIBIA: AV 100 rand, 1987-BP, Bruce-E1var, essai for the 75th Anniversary of the Reiter Monument to the "Bushriders" Horsemen of the German Colonial Army, variety with no fineness in the left reverse field, monument // Elephants under tree, mintage variously noted as 15 or 25 pieces (for the variety with fineness), Proof, RR, ex Jerry D. Williams Collection.

Estimate: 550-650 USD