Watch List notes:

Malaysia, North Borneo. British North Borneo Company CU-NI 5 Cents. 1903 H. Coat of arms, banner inscribed PERGO ET PERAGO; H and date below / •STATE OF NORTH BORNEO•, denomination in circle; date below. KM 5; Schön 5. 7.30g, 28mm, 12h.

Near Extremely Fine; staining to both sides.