Watch List notes:

Banque d'etat du Maroc, specimen 50 francs, ND (1938-42), serial number O.00 000, light brown, green, orange and purple, French text, arabesque pattern, denomination at lower left and right, reverse, Arabic text, arabesque pattern, arches at left and right watermark, lion's head, (Pick 21s, TBB B212bs), black SPECIMEN overprint, in PMG holder, staple holes, 63 Choice Uncirculated.

Estimate: £350 - £400