Watch List notes:

BANKNOTES. FRENCH INDO-CHINA. Banque de l’Indochine: Specimen 100-Piastres, 31 September 1910, Haiphong, serial no.0.0 000, perforated “SPECIMEN” (P 39). Several pin-holes and an edge split in the top margin, extremely fine and rare.

Estimate: US$600-800