Watch List notes:

Lao, 1948 Unlisted Color Trial Specimen Essay Banknote Lao, 1948. P-Unlisted. 20 Kip. Essay color trial specimen banknote for proposed and unaccepted banknote issue from Laos by Security Bank Note Company. Tael Blue border and light yellow Temple undertint on front; back has temple in chestnut brown. Dated 3-10-48 in red on right and numbered C2003-20G1 in red on upper left. Red specimen overprint, "00000" serial numbers and POC's. Choice to Gem Uncirculated condition. Unique color trial in archive. SBNC.

Estimate: 6000 - 12000