Watch List notes:

(x) Cassa per la Circolazione Monetaria della Somalia, Italian Somaliland a complete set of first issue for Cassa per la Circolazione Monetaria della Somalia, comprised of 1 somali serial number A011 000474, 5 somali serial number A006 004197, 10 somali serial number A009 093956, 20 somali A008 094856, 100 somali serial number A003 006005, 1950, Roma, 1 somali yellow and brown, Leopard head at centre, 5 somali green and purple, Somali start flanked by crescent moons, 10 somali green and yello, Somali start flanked by moons, 20 somali, brown and yello, Somali star flanked by moons, 100 somali, Lion head, reverse palazzo del governo building in Mogadishnu (Banca d'Italia managed the authority through the bank's Mogadishu office), (Pick 11a, 12a, 13a, 14a, 15a, BNB 301a, 302a, 303a, 304a, 305b), in PCGS holder 66PPQ Gem New, 63 Choice New, 65PPQ Gem New, 65PPQ Gem New, 65PPQ Gem New, 1 somali low serial number highly sought after set, especially in such a high grade, The Cassa per la Circolazione Monetaria della Somalia (CCMS) was established on 18th April 1950 as a currency board based in Rome, under the joint control of the Italian Ministry for Foreign Affairs and the Ministry of the Treasury. After World War II, the United Nations created a trusteeship to administer Italian Somaliland as the United Nations Trust Territory of Somalia. On 27th January 1950, Italy was granted financial control of the territory. It introduced a new currency, the somalo, equivalent in value to the East African shilling. Notes denominated in East African shillings and Italian lire were exchanged for the new somalo banknotes from 22nd May to 22nd August 1950 (5 notes).

Estimate: £9000 - £12000