Watch List notes:

(x) Dansk-Vestindiske National Bank, 5 francs, 1905, serial number 505956, black on green and yellow underprint, King Christian IX at left, palm tree at right, reverse brown, view of town and coastline(Pick 17), in PCGS holder 35 PPQ, very fine, and a superb original example, thus very rare.

Estimate: £1,500 - £2,000