Watch List notes:

France, Restored Kingdom, Louis-Philippe I (1830-48), 5-Francs, Bayonne [L], transitional type, 1831-L (Gad 677a); also, 2e type (3), 1832-L; 1833-L; 1834-L (Le Franc 324.8, 22, 36; Gad 678A; KM 749.8), fair to near fine, all scarce (4).

Estimate: £240 - £280