Watch List notes:

(x) Netherlands New Guinea, specimen 25 gulden, 1954, serial number XZ 012345/ XZ 067890, brown and purple, Queen Juliana at right, reverse, tapestry,, (Pick 15s, TBB B205s), red SPECIMEN overprint, in PMG holder 67 EPQ superb gem uncirculated.

Estimate: £450 - £550