Watch List notes:

Banque de l'Indo-Chine, New Caledonia, 500 francs, 3 January 1921, serial number 0.2-123, blue and white, red text, male figure at left, indigenous male at right, printed signatures of Monplanet and de la Chaume(Pick 22), ANNULE handstamp, in PCGS holder 12, pinholes and some splitting at creases, rare.

Estimate: £1,100.00 - £1,300.00