Watch List notes:

Gibraltar Government 1975-1988 Issues all featuring Queen Elizabeth II on obverse and the Covenant of Gibraltar building on reverse (15) comprising 1 Pounds Pick 20d dated 4th August 1988, brown and red on multi-coloured underprint (5) a consecutively numbered run serial numbers L5662432 - L5662436. 5 Pounds Pick 21b dated 4th August 1988, green on multi-coloured underprint (5) a consecutively numbered run serial numbers E842791 - E842795. 10 Pounds Pick 22b dated 21st October 1986, deep violet, dark brown and deep blue-green on multi-coloured underprint (5) a consecutively numbered run serial numbers A918413 - A918417. All about UNC - UNC and seldom seen as consecutive runs, and all bearing the signature of B Tranynor – Financial & Development Secretary and watermarked with a bust of H.M. Queen Elizabeth II

Estimate: 350-500 GBP