Watch List notes:

EGYPT: Abdul Hamid II, 1876-1909, AL 5 francs, 1892, KM-Tn14, Société Coöperative du Canal de Suez, PCGS graded AU-50, RRRR. Maison Palombo had an example in thier April 30th, 2005 auction estimated at €2500 in similar condition. This is the only other example of this type we have seen, unlisted in Gadoury.

Estimate: 3,000-3,500 USD