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Auction: 16015 - World Banknotes
Lot: 1963

State Loan Bank of the Swiss Federation, colour trial/specimen 25 franken, 9 September 1914, no serial number, brown, grey and green, arms at top centre, value at left and upper and lower right, two small cancellation holes and red SPECIMEN overprint
(Pick 23cts, Richter Kunzman DK1s), in PMG holder 55, about uncirculated and rare

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Estimate
£1,800 to £2,200