Watch List notes:

(x) National Bank of Egypt, 50 piastres, 21 January 1899, serial number A/1 197500, black on red and green underprint, The Sphinx at centre, value at centre and corners, Rowlatt signature(Pick 1b, Hanafy M1), in PMG holder 25, very fine, split, extremely rare and a presentable example.

Estimate: £12,000 - £16,000