Watch List notes:

Palestine, Currency Board. 1944 Five Pounds. Pick# 8d. Printer: TDLR. S/N E408504. Watermark: Olive Sprig. Crusader's Tower at Ramleh at left. Reverse: Citadel of Jerusalem, the "Tower of David" in center. Bright red and black, well centered with nice margins and quite choice for this very rare issue. PMG graded Very Fine 30. Estimated Value $5,000 - UP
Ex The Itzhak Avni Collection Auction April 30, 1980, Lot 340 N.Y. Sheraton Hotel From The Abe Sofaer Collection.