Watch List notes:

(x) National Bank of Egypt, 50 piasters, 6 February 1916, serial number Q/46 028,570, brown on multicolour underprint, Sphinx at left, value upper right and low left, Rowlatt signature, reverse, blue on pale green and pink underprint(Pick 11a, Hanafy M2 for type), no graffiti, in PMG holder number 30, very fine.

Estimate: £700 - £900