Watch List notes:

Bank of Latvia, colour trial 25 Latu, 1928, dark green and orange, K.Valdemars at centre, clipper ship low left, steamship low right, reverse dark green, arms and value,, (Pick 18ct, TBB B206ct), in PMG holder 64 Choice UNC, perforated, red SPECIMEN WATERLOW & SONS LTD overprint, rare.

Estimate: £800 - £1,000