Watch List notes:

Banque de l'Indo-Chine, New Caledonia, 20 francs, 25 September 1913, serial number E.14-967, maroon text on blue and white, sea-God at left, printed signatures of d'Oissel and Simon low right, manuscript signature low centre, reverse blue and white, dragon(Pick 16a, Kolsky 404), in PCGS holder 45 CHOICE EF OPQ, very rare as an issued note especially in this grade.

Estimate: £3,000.00 - £3,500.00