Watch List notes:

(x) Banque de Syrie et du Liban, Lebanon, specimen 50 livres, 1952, serial number B16 48071, brown on multicolour underprint, coastal landscape at left, reverse, rock formations in water, value at each corner, (Pick 59s2, TBB B228a), perforated SPECIMEN, serial number crossed out by hand with red ink, in PMG holder 65 EPQ Gem Uncirculated. Only one example with a higher grade listed on Track and Price at time of cataloguing thus rare in this grade.

Estimate: £450 - £550