Watch List notes:

Banque de Syrie et du Grand-Liban, Syria, 25 piastres, 1925, serial number H109-528, blue, red and multicoloured, value in blue low right, ornate patterns in field, Forges and Laferriere signatures, reverse pink-red and green, the watermill at Hamas at centre, ornate arabesque patterns in field, SYRIE in dark blue top centre, bank title and value in red, (Pick 21, SY22), a pleasing and original Clement Serveau printing, very rare in this condition, a charming note.

Estimate: £2,500 - £3,500