Watch List notes:

Banque de l'Algerie et la Tunisie, specimen 500 francs, ND (1950-56), serial number O.00 000, green, brown, orange, and red, French text, grape leaves, head of ram, head of Bacchus, denomination at upper left and right, reverse, Arabic text, Roman tile mosaic of two men framing under grape arbor (from works of the fields, found in Caesarrea), watermark, Moorish woman's head in profile, (Pick 106s, TBB B201as), perforated SPECIMEN, in PMG holder, tape, 55 About Uncirculated.

Estimate: £180 - £220