Watch List notes:

Banque de l'Indo-Chine, Tahiti, 100 francs overprint on 20 francs, ND (1940), serial number E.28 577, lilac and green and white, Ceres at right, Borduge and Baudouin signatures, black CENT FRANCS vertically at left, CENT at top centre and CENT in red at left, reverse lilac, peacock at left, red PAPEETE at left, black 100 FR at centre(Pick 16a, Kolsky 512), fine and very rare, in 1967 only 278 examples outstanding according to Kolsky.

Estimate: £2,000.00 - £2,500.00