Treasury Biglietti di Stato, 5 lire, 1889, serial number 427 045337, black text, blue on pink underprint, King Umberto I at left, reverse blue and pink, King Umberto I at left, eagle top centre, value at right, Dell'Ara and Pia signature variety(Pick 18b, Gavello 14), pressed about very fine, scarcer signature variety.
Estimate: £100.00 - £200.00