Watch List notes:

(x) Republique Libanaises, die proof on large format watermarked paper for a 50 piastres, Beyrouth, 31 August 1942, purple and white and pale orange-brown, galley with sails at centre, value at left and right, reverse grey and white, ornate detail in field, value low left and right(Pick unrecorded, Ayoub page 107 for stylistically similar lower denominations) uncirculated and extremely rare, attractive.

Estimate: £1,500 - £2,000