Watch List notes:

National Bank of Egypt, £1, 9 November 1918, serial number S/39 097671, blue on red and green underprint, the Temple of Khunsu at Karnak and palms at left, value at right and each corner, Rowlatt signature low centre, reverse green on yellow, green and orange underprint, value at centre, (Pick 12a, TBB B110a, Hanafy M2b), low left and right tips with crease and a soft central crease otherwise a wonderfully fresh and original example, good extremely fine and very rare in this exceptional grade. The highest grade at time of cataloguing on Track and Price a 45.

Estimate: $1200 - $1800