Watch List notes:

(x) Deutsche Bundesbank, Federal Republic of Germany, 200 Deutsche Mark, 2 Januay 1996, serial nmber AK 3906841N5, red-orange, Paul Ehrlich at right, reverse, microscope at left,, (Pick 47, TBB B232), The last German banknote before the introduction of Euros, in PMG holder 53 about uncirculated.

Estimate: £200 - £250