Watch List notes:

Government of Gibraltar, £1 (2), 1 June 1942, serial number D414388, 1 December 1949, black serial number E050282, green, Rock of Gibraltar at lower centre,, (Pick 15a, b, TBB B113c, d), printed by Waterlow & Sons, paper slightly toned, very fine (2).

Estimate: £150 - £180