Watch List notes:

Banque de Syrie et du Liban, Lebanon, specimen 25 livres, 1st September 1939, no serial number, brown-purple & pale blue, green & lilac, camel train by cemetery and the Mausoleum of Zeinab at centre, value at left and right, Berard & Laferriere signatures, LIBAN top centre, reverse green & multicoloured, well at centre, value at left and right, (Pick 29S, Ayoub p.98/99), purple BILLET SPECIMEN printer's stamps, punch holes, red SPECIMEN overprint, perforated SPECIMEN, in PMG holder, thinning, previously mounted, 50 NET About Uncirculated, rare & attractive.

Estimate: £2,000 - £2,500