Watch List notes:

Banque de Syrie et du Liban, 1939 Specimen Banknote. Syria. Specimen 25 Livres, 1939, P-43c with Type D overprint, Djaroueh SY85. AU-UNC but appears CU, with archival annotation in upper margin. Punch hole cancelled. Very rare in specimen. BWC.

Estimate: 3500 - 5000