Watch List notes:

(x) Bermuda Monetary Authority, $50, 1 April 1978, serial number A/2 053542, brown on multicolour underprint, portrait Queen Elizabeth II at right, value in each corner and at centre, easter lily flowers at centre, oleander flowers at low right, reverse, lighthouse, map of Bermuda, coat of arms, (Pick 32b, TBB B205b), several light creases, extremely fine.

Estimate: £100 - £150