Watch List notes:

(x) Keeling Cocos Islands, 1/2 rupee, 1897, manuscript serial number 407, black text on cardlike paper, value in red circular frame top left, arms top centre, manuscript signature of George Clunies Ross low right, (Pick S118,), in PMG holder 30 Very Fine. At time of cataloguing only one other examples of the 1/2 rupee recorded on Track and Price and this a higher grade. Very rare.

Estimate: £400 - £500