Watch List notes:

Banca d'Italia, specimen 50 Lire ND (1927-1930), serial number A000 000, dark blue on green underprint, large, ornate "L" and woman with three children in upper left corner, reverse with three round frames, woman at right, punch cancelled "ANNULATO", (Pick 48s), in PMG holder 63 Choice Uncirculated (previously mounted).

Estimate: £1,400 - £1,500