Watch List notes:

Italian Somaliland, V. Filonardi & Co., 5 rupie, 15 July 1893, serial number 05438 A, black text on pale blue and white, star at centre, embossed seal at left, printed signature low right, reverse red Arabic text

(Pick 1, Gavello1), in PMG holder 66 EPQ Gem Uncirculated. The only note with an EPQ designation and top grade. A superb example and without doubt one of the finest examples recorded.