Watch List notes:

Government of Siam, Thailand a sheet of watermark paper with nine 5 ticals, 1902, 3 headed elephant at centre, with "5 TICALS" and "GOVERNMENT OF SIAM" in Thai and English,, (Pick 9a for type), all designs with SPECIMEN perforation, three centre creases, otherwise uncirculated, scarce and interesting (542 x 350 mm).

Estimate: £200.00 - £300.00