Watch List notes:

(x) The Standard Bank of South Africa Limited, colour trial specimen £5, Windhoek, ND (1931-53), specimen number 559, dark green and multicoloured, rams under tree low left, falls at right, reverse dark green and pink, kudus and mountains,, (Pick 9cts TBB B204), perforated, red SPECIMEN WATERLOW & SONS LTD overprint, in PMG holder, previously mounted, 63 Choice Uncirculated, scarce.

Estimate: £1,000 - £1,500