Watch List notes:

Postal Savings Certificate, Italy, 500 lire, 1000 lire and 5000 lire, all 1947, serial numbers 000331, 000388 and 000141, mauve on pale blue underprint, mauve on light pink underprint and mauve on pale orange underprint respectively, all feature farmer at left, arms top centre, (Pick not listed), first, in PMG holder number 45, choice extremely fine, second, in PMG holder number 55, about uncirculated, third, in PMG holder number 58, choice about uncirculated (3)

Estimate: £300 - £400