Watch List notes:

Treasury Buoni di Cassa, 2 lire, 1894, serial number 014-425256, blue on brown underprint, King Umberto I in panel at left, reverse red brown, arms at centre, Dell'Ara and Righetti signatures(Pick 35, Gavello 7), tear at centre otherwise about fine, rare.

Estimate: £150.00 - £250.00