Watch List notes:

Alle Welt: Tahiti: 5 Francs 1900/1901 P. 1b. A very rare early issue in nice collectable condition. The note has a center and horizontal fold, some stronger wearing at upper border which is partly repaired with clear old tape, but still crisp original paper and very bright colors, not washed or pressed. Overprinted "PAPEETE (TAHITI)" at upper center on front. Great collectable item in condition: F-.