Watch List notes:

Il Banco di Napoli, 50 lire, 1 November 1869, serial number B/E 06604, black, pink and lilac, prancing horse at left and right, value at centre and at each corner, embossed seal at top centre, reverse brown-purple, value at centre(Pick S834, Gavello 121 for type, Crapanzano-Giulianini NA97), listed R5 in Gavello, pinholes at left, manuscript annotation in right margin, some minor foxing otherwise a solid very fine, paper still retaining body, listed as U in Crapanzano reference book, a very attractive note and extremely rare.

Estimate: £1,000.00 - £1,500.00