British North Borneo
Nissan Estate, British North Borneo, $5, ND (1942), serial number 06292, black and red, value in red central panel, orange chop in field at top left, black printed signature of the Nissan Estate manager Maeda at low right, reverse black, value at centre, stains, in PMG holder 35, choice very fine and very rare
TBB not listed, Pick not listed, KNB 3a S$6,000-S$8,000