Watch List notes:

France, Restored Kingdom, Louis-Philippe I (1830-48), 5-Francs, Bordeaux [K], 2e type (2), 1832-K; 1834-K (Le Franc 324.27; Gad 678A; Dav. 91; KM 749.7), the second once wiped, otherwise a bold fine, the first fine (2).

Estimate: £240 - £280