Watch List notes:

Banca Nazionale Toscana, printer's archival specimen 25 lire, 1 March 1883, serial number R/M 0001-R/M1000, dark grey on red, with counterfoil, portraits in ornate circular frames at left and right, bank title top centre and bank initials in ornate calligraphy at left, reverse, green and red on pink, perforated SPECIMEN BW&CO LONDON(Pick S758, Gavello 71) about uncirculated.

Estimate: £450.00 - £550.00