Watch List notes:

The Standard Bank of South Africa Limited, Southwest Africa, colour trial £5, Windhoek, ND (1931), green and multicoloured, rams under tree low left, falls at right, reverse green and pink, kudu and mountains,, (Pick 9act), perforated, red SPECIMEN WATERLOW & SONS LTD overprint, in PMG holder 64 choice uncirculated.

Estimate: £600 - £800