Watch List notes:

Athens, Greece, Bank of Greece, 25 drachmai specimen, no date (1897-1900), PMG VF 30, rare, only known example in PMG census. SCWPM-44s. Twenty-two POCs, blue Waterlow & Sons specimen stamp. Obverse with full figured Athena vignette accompanied by an Athenian owl and other symbolic items, ancient ruins in background to left and modern steamship to right, bust of Georgios Stavros to right of center, arms of King George I at right, all printed on vibrant red-orange and yellow underprint (as opposed to the blue and red found on issued examples). Reverse with intricate design, sculpture bust at center, and bank title and denomination in French. An exceedingly rare type in any form with only a handful known to have survived, much less in this high of a grade with this being the only example listed in the PMG census. Unlike two other specimen examples that have appeared on the market in the past decade, this note does not have the three vertical SPECIMEN overprint on the obverse. Excellent original ink colors with good paper quality overall, blue oval ink stamp with "RUNCIMAN & Co.," two stars, and BUENOS AIRES in it on the reverse in upper left corner. PMG #1886486-003.

Estimate: $2500-5000