History/Background Information: 20 Pound issue of the South African Reserve Bank dated 1933. Only issue of J Postmus and identical to the Fourth issue of WH Clegg except for date and signature.

Condition Notes: A scarcely seen high denomination issue. In admirable condition, paper still crisp and bright with an appearance better than the assigned grade. Very attractive coloration. Rare.

Printage: 50 000

Reference: Hern 221

S. Africa (Reserve Bank): 1933 J. Postmus 20 Pounds PMG Certified VF25

R22 500,00