British North Borneo Company, $10, 1 July 1940, red serial number I008939, black and brown, arms at top centre, value in brown protector at centre, value at left and right, William Smelt signature, reverse blue, value at centre, stains, in PMG holder 20, very fine and a very rare wartime issue
TBB B117a, Pick 31a, KNB 13a S$3,000-S$4,000

This lot was sold as part of a special collection, The Frank Goon Reference Collection of British Malayan Banknotes.

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