Watch List notes:

Banca Romana, specimen colour trial 50 centesimi (2), 1872, series numbers S/0936 and S/0940, no serial numbers, black on orange underprint, ornate border, Italia in panel at left, value at centre reverse orange, Italia at left value at right(Pick 791s, Gavello 104 for type), signatures hold punched, one with purple SPECIMEN overprint, ink annotation at top left on reverse, extremely fine to about uncirculated (2).

Estimate: £300.00 - £400.00