Watch List notes:

(x) Banca d'Italia, 500,000 Lira, 1997, serial number AA349047D, deep purple, dark blue and green on multicolour, Raphael at right, painting of Triumph of Galatee at centre, reverse painting of The School of Athens,, (Pick 118a), in PCGS Currency holder 67PPQ Superb Gem New (Lin Zhan Wei Collection) highest grade sold on Track & Price at the time of cataloguing was 40, thus exceedingly rare.

Estimate: £320 - £380