Watch List notes:

Alle Welt: Tunisia: 500 Francs 1918 P. 5, rarely seen early type of this denomination, very searched among collectors. This examples is still in very beautiful shape regarding its age and size with only a stronger center fold and horizontal fod, a very tiny center fold hole, no pinholes (!) and still original coloration. Paper still has original crispness. There is an ink annotation at upper border which seems to have been party erased but this does not really affect the overall great appeareance of this rare note. Condition: F to F+.