Watch List notes:

CYPRUS: Specimen of 1 Pound (1.12.1961) in brown on multicolor unpt with Arms at right. Red ovpt "SPECIMEN OF NO VALUE". Perfin "CANCELLED" at bottom left. WMK: Eagles head. Printed by BWC (without imprint). Inside plastic holder by PMG "Choice Uncirculated 64 - Staple Holes". (Pick 39s).