Watch List notes:

French Indochina, 20-Cents [10], 1894; 1920; 1921; 1924; 1930; 1937 [3]; 1941; 1945 (KM 3; 15; 17.1; 17.2; 23a.2; 29.1), generally better than fine, some near extremely fine, the last much as struck (10).

Estimate: £60 - £80