Watch List notes:

Hungarian National Bank, uncut sheet of two 100 pengo, February 1943, no serial numbers, lilac-brown on pale orange underprint, female portrait at right, allegorical female at left, reverse arms and allegorical figures, (Pick 115), three horizontal fold at centre, no folds through the banknotes, minor split at right, about extremely fine (2).

Estimate: £100 - £150