Watch List notes:

Banque de Syrie et du Liban, Lebanon, specimen 1 livre, 1 September 1939, zero serial numbers, light blue and multicolour, two eagles at centre, ornate scroll work around, value at each corner, Berard and Laferriere signatures, reverse, multicolour, red LIBAN top left, corn ears, flora and antelope heads at left and right, cedar tree and mountains in background, (Pick 15s, Ayoub p.75 ), perforated, mounting traces, purple handstamp 'BILLET SPECIMEN NON REMBOURSABLE' extremely fine and scarce.

Estimate: £300 - £400