Watch List notes:

(x) Standard Bank of South Africa Limited, colour trial specimen £1, Windhoek, ND (1931), specimen number 560, blue and multicoloured, rams under tree low left, falls at right, reverse blue and pink, kudus and mountains, (Pick 8cts TBB B203), perforated, red SPECIMEN WATERLOW & SONS LTD overprint, in PMG holder, previously mounted, Choice Uncirculated, scarce.

Estimate: £500 - £600