Watch List notes:

Treasury Biglietti di Stato, 1 lire (27), 1939, brown on tan, value in panel at left, reverse brown, 1 lire (5), 1944, brown on tan, value in panel at left, reverse brown, with C.L.L stamp, rectangle at top centre and stamps at low left and right, 2 lire (18), violet on light brown, value in panel at right(Pick 26, 27, Gavello 46, 47), balance very fine to uncirculated, some consecutive (50).

Estimate: £100.00 - £150.00