Watch List notes:

African Banking Corporation Limited, Transvaal Issue, South Africa, specimen £1, Johannesburg, 189-. no serial numbers, black and green, Ceres at left, value at centre, at right and at each corner, reverse green, map of Africa at centre, value at left and right,, (Pick S552, Hearn 1 for type), two small perforations, red SPECIMEN overprint, in PMG holder 55 about uncirculated and 'Johannesburg' very rare.

Estimate: £600 - £800