Watch List notes:

(x) Banque de France, 50 francs, 22 February 1940, serial number U.12518 463, multicolour, Ceres at left, Park of Versailles at left, Mercury on reverse,, (Pick 85b, Fayette 18.39), in PMG holder 64 EPQ choice uncirculated, only two other examples with higher grade on PMG Population Report. Scarce.

Estimate: £200 - £250