Watch List notes:

ITALIAN SOMALILAND: 100 Somali (1950) in violet and light brown. Lion head at left on face. S/N: "A002 052098". WMK: Lion head and wavy lines pattern with SOMALO. Signatures by Ciancimino and Giannini. Printed by (Valori, Roma). Inside holder by PCGS "Fine 12 / Restorations". (Pick 15a) & (Spink CCMC B5b).