Watch List notes:

Banque de la Reunion, 500 francs, ND (1940), serial number J.8,920, brown and multicoloured, woman diademed at left holding sceptre, ship at centre, fasces at right, Poulet, Ninon and Dussac signatures, reverse pale blue, galley low centre, border of flowers and trees , value in maroon in right field(Pick 25, Kolsky SP414-1), pinholes, some rusting has corroded the paper, fine, an attractive and rare note.

Estimate: £1,500 - £2,000