Watch List notes:

(x) Banque de Syrie et du Grand-Liban, Lebanon, 50 piastres, 1925, serial number N.2 543, pink-brown and multicoloured, value in maroon low right, Forges and Laferriere signatures, reverse green and multicoloured, courtyard viewed through an ornate gateway at left,, (Pick 2, Ayoub p.48), very fine and an excellent example for type.

Estimate: £4,500 - £5,500