Watch List notes:

Deutsch-Ostafrikanische Bank, German East Africa,, emergency World War 1 issues, 50 Rupien 'bush note', 1 October 1917, serial number 55046, black printing on tan card, black squares as border, two manuscript signatures at low centre, (Pick 47a, Rosenberg 939), in PMG holder 35 Choice Very Fine, rare and at time of cataloguing the only example to be graded by PMG.

Estimate: £450 - £550