Watch List notes:

Banque d'etat du Maroc, specimen 20 francs, ND (1942), serial number O.00 000, blue and brown, French text, Hassan tower minaret and trees in Rabat at centre, denomination at upper left and right, reverse Arabic text, floral pattern, denomination at lower left, watermark, lion's head in crescent and five-pointed star (seal of Solomon) at right, (Pick 18s, TBB B209ds), perforated SPECIMEN, in PMG holder, staple holes, 63 Choice Uncirculated.

Estimate: £450 - £550