Watch List notes:

(x) Banque de L'Indo-Chine, New Caledonia, 500 francs, Noumea, 27 December 1927, serial number O.1 365, (Pick 38), in PCGS Currency, splits, tears, damage, and repairs, pieces replaced, design redrawn, paperclip rust stains and erosion, 20 Very Fine.

Estimate: £200 - £250