Watch List notes:

(x) Banque de France, specimen 300 francs ND (1938), zero serial number, brown and multicolour, Ceres at left, bank title top centre right, value low centre and top right, bank initials down margin at right, reverse, Mercury at right, value low right, (Pick 87s, Fayette 29.0), black No 0030 SPECIMEN overprint, perforated SPECIMEN, in PMG holder 64 choice uncirculated, very scarce.

Estimate: £1,300 - £1,800