Watch List notes:

Federal Biglietti Gia Consorziale, 20 lire, L. 1874, serial number 196 4501, black text on blue and orange underprint, coat of arms at top centre, ornate floral border, cherubs at low centre, reverse black crowned Italia at centre(Pick 6, Gavello 6), pinholes, pressed fine, a very attractive note and scarce.

Estimate: £350.00 - £450.00