Watch List notes:

Reunion: 5000 Francs ND (1947) Specimen P. 48s, famous large size banknote with General Schoelcher at right. This example has a "Specimen" perforation as well as 2 black overprints on both sides. There are a few pinholes at upper left and some minor corner folds on the note. Otherwise a great fresh and colorful example. Condition: XF.