Watch List notes:

(x) Banco Central de Guatemala, colour trial 5 Quetzales, ND (ca 1934), brown, pale green and orange-yellow, Quetzal bird on column at left and right, value at right centre and at each corner, ship at quayside at left, reverse brown, Quetzal bird on pedestal at centre, (Pick 16ct, TBB BCG B11), perforated, red SPECIMEN WATERLOW & SONS LIMITED overprint at low left and right, in PCGS 64 Very Choice New, rare.

Estimate: £400 - £500