Watch List notes:

(x) Central Bank of Egypt, specimen colour trial 25 Piastres, ND (c1961), serial number 1/1 000000, no signature, dark brown on multicoloured underprint, arms of the United Arab Republic at right, value in Arabic numerals in each corner, reverse value in western numerals set in ornate guilloches at centre and at upper left and right, (Pick 35ct, Hanafy M3ct), perforation low centre, red SPECIMEN overprint, uncirculated and scarce.

Estimate: £250 - £300