Watch List notes:

Banque de Syrie et du Grand-Liban, Lebanon issue with Lebanon 1939 overprint, 100 livres, 1939 (old date 1935), serial number P 932482, purple and pink and pale blue, the Bank head office at centre, value at centre and low left and right LIBAN in top margin and handstamp LIBAN 1939 top centre, Berard and Laferriere signatures, two pink diagonal lines across face of note, reverse purple and pale orange, view of Antioch at centre, value in field, two pink diagonal lines across face of note, (Pick 14b, Kolsky unlisted, Ayoub unlisted, Djaroueh unlisted), in PMG holder, 35 Choice Very Fine, small ink smudge on reverse. This note of the highest rarity, Ayoub has recorded one example extant, thus this note the second of its type extant. Fresh and original.

Estimate: £9,000 - £11,000