Watch List notes:

National Bank of Egypt, printers archival specimen 50 piastres, 10 March 1917, serial number Q/100 000001-Q/100 100000, brown on multicolour underprint, Sphinx at left, CANCELLED perforation(Pick 11s, Hanafy M2 for type), ink annotations, in PCGS holder number 64, choice uncirculated, rare.

Estimate: £1,000 - £1,500