National Bank of Egypt, colour trial in terracotta red for 50 Piastres, ND (1914), no signatures or serial number, perforated CANCELLED, with ink annotation in top margin ‘as submitted London office June 21 1912’, in PMG holder 63 EPQ, choice uncirculated, and an exceptionally lovely and very rare note
TBB B109t1, Pick 11ct £2,000-£2,600

PMG incorrectly describe this as a specimen, when it is in fact a colour trial