Watch List notes:

BANKNOTES. GERMANY. Lautawerk, Vereinigte Aluminium-Werke A.G, 50-Marks, aluminium foil note, 8 October 1922, purple ink, slight damage to left edge, good fine or perhaps better for issue; with a 'ghosted' impression of a paper note, also Lautawerk. (2)

Estimate: £40-60