Watch List notes:

Landsbanki Islands, Iceland, specimen 500 kronur, law of 15 April 1928 (1946-1947), zero serial numbers, green, brown and lilac, J. Sigurthsson at left, value at each corner, signatures of Jonsson and Sigurthsson, reverse green, Icelandic landscape at right, value at each corner,, (Pick 36as), red SPECIMEN overprint and perforated CANCELLED, in PMG holder, staple holes, 63 Choice Uncirculated, scarce.

Estimate: £300 - £350