Darvel Bay (Borneo) Tobacco Plantations, Limited, specimen 25 Cents, ND (c.1880-90), no serial numbers, black and blue, arms at top centre, value in protector at low centre, reverse pale blue, value at centre, perforated SPECIMEN C. SKIPPER & EAST, in PMG holder 64, choice uncirculated, extremely rare
BNB unlisted, Pick unlisted, KNB 7s S$10,000-S$15,000

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

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