Watch List notes:

(x) Banque de Syrie et du Liban, Lebanon, specimen 5 livres, 1 September 1939, no serial numbers, brown on multicolour underprint, Cedar of Lebanon at right, value at left, horses at top left and right, type B overprint, red SPECIMEN overprint and four cancellation holes(Pick 27bs), very slight rust mark from paperclip on reverse, about uncirculated and rare.

Estimate: £1,500 - £2,000