Watch List notes:

(x) Government of Malta, £5, ND (1961), serial number A/1 019238, blue on multicolour underprint, portrait Queen Elizabeth II at right, George Cross at centre, Shepherd signature, reverse, blue, the Grand Harbour, (Pick 27a, TBB B126a), in PMG holder number 45 CHOICE EXTREMELY FINE.

Estimate: £150 - £200