Watch List notes:

Banca Nazionale nel Regno d'Italia, 25 lire, 30 October 1867, serial number 1a-1846, black print on pink paper, ornate border, crowned coat of arms top centre, value at centre(Pick 738, Gavello 161 for type), numerous pinholes, ink annotations on reverse, repaired tear at right extending almost the length of the note, otherwise very good, very rare.

Estimate: £400.00 - £600.00

SALEROOM NOTICE: Lot of questionable authenticity.