Watch List notes:

New Caledonia: Banque de l'Indo-Chine - Noumea, 500 Francs 1921, P.22 with black stamp "ANNULE", highly are and seldom offered banknote in still nice condition, margin splits, small border tears, rusty spots and a number of pinholes at left and right. Condition: F. Highly Rare!
[taxed under margin system]