Watch List notes:

MOROCCO: Mohammed V, 1927-1961, cupro-nickel 10 franc ESSAI, Paris, ND (AH1346, =1927), KM--, Lec-248, République Française obverse, standard Moroccan reverse (more or less as adopted for KM38 in AH1347), PCGS graded Specimen 65. Listed as "très rare, non coté" by Lecompte; it is suggested that only 3 examples are known today.

Estimate: 2,600-3,000 USD