Watch List notes:

BANKNOTES, 紙鈔, REST OF THE WORLD, 其他國家, New Caledonia, Banque de l'Indochine, Noumea: 100-Francs, ND (1937), serial no.O.00 000, signature titles LE PRESIDENT and LE DIRECTOR GENERAL, perforated "SPECIMEN" in right margin and overprinted "SPECIMEN No. 0005" in upper left corner (P 42s). Uncirculated.

Estimate: US$550-650