Watch List notes:

(x) New Hebrides, Banque de l'Indo-Chine, 5 francs, ND (1941), serial number O.70 159, brown and light green, woman wearing helmet at lower left, oval red NOUVELLES HÉBRIDES FRANCE LIBRE overprint at centre, reverse, Penal code, (Pick 4b, TBB B201b), in PMG holder, 55 EPQ About Uncirculated, Lin Zhan Wei Collection, rare in this grade.

Estimate: £250 - £300