Watch List notes:

(x) Tresor Français, French Military, 100 francs, ND (1947), serial number H.3 26410, brown on light tan underprint, Mercury at centre left, ornate border, reverse, reclining woman with laurel wreath, (Pick M9, Fayette VF32.1), in PMG holder number 66, gem uncirculated, EPQ, rare in this grade.

Estimate: £500 - £600