Watch List notes:

National Bank of Egypt, specimen £1, Cairo 1st August 1919, serial number S/51 000,001 - S/51 100,000, blue and pale red, the Gate at the Temple of Kansu at left, reverse green and orange, patterns, value at upper centre, (Pick 12as, Hanafy M2s), ink date '22.4.19' in top margin, perforated CANCELLED, in PMG holder 63 Choice Uncirculated, scarce.

Estimate: £500 - £600