Watch List notes:

Banca d'Italia, 500 lire, 16 October 1935 (2), 22 December 1937, 22 November 1940, multicoloured, maiden with sickle and corn sheaf at right, reverse multicoloured, statue at centre, crowned eagle at left, red fasces low centre(Pick 51, Gavello 335, 336, 344), one example has a large tear extending into the design, one fine and the remaining two very fine (4).

Estimate: £150 - £200