Watch List notes:

Succursale de Noumea, New Caledonia, 20 francs, 1 September 1874, serial number A 3545, black text on green, arms top left, three manuscript signatures(Pick 3, Kolsky 469, TBB B3a), split low right otherwise almost fine, presentable and extremely rare.

Estimate: £1,500.00 - £1,700.00