Watch List notes:

Banque de l'Indo-Chine, Tahiti, specimen 20 francs, ND (1944), serial number P 000000, pale and dark brown, maiden at left, pirogue at centre, native at right, signature of Dufour low left, reverse pale and dark brown, mask and leaf, (Pick 20s, KM518), red SPECIMEN overprint, in PGM holder, thinning, 63 Choice Uncirculated, scarce.

Estimate: £200 - £250