Watch List notes:

(x) Die Spar & Leih-Cassa des Kantons Luzern, Switzerland, a printers archival specimen 50 franken, 13 October 1876, no serial number, black and pale green, maiden and view of Luzern at left, bust of William Tell at right and view of Luzern at right, lion at low centre, value top left and right, reverse, green and white, head of Mercury at centre, value in each corner(Pick S396 for type, Richter-Kunzman KA144a), perforated SPECIMEN B.W.& Co. LONDON, top left corner neatly excised by printers, good extremely fine and a handsome note, extremely rare.

Estimate: £800 - £1000