Watch List notes:

Italy Banca d'Italia 20000 Lire Pick 104 (Crapanzano-Giulianini 594) dated 21st February 1975 signatures Carli & Barbarito, a pleasing about UNC serial number 1A 258032 E , and highest denomination for its series. Brown-black and dark brown on red-brown and pale olive-green underprint featuring a portrait of Tiziano Vercelli or Vercelli, known in English as Titian an Italian Renaissance painter and the reverse featuring one of his works - the painting Amor Scare e Amor Profano. Watermarked with woman's head.

Estimate: 60-100 GBP