Watch List notes:

Monaco, Louis II (1922-49), Crédit Foncier, 'Bon Pour' issues [10], including: 2-Francs [3], 1926 (Gad 125; 130; KM 115); also, Francs [4], 1926 (Gad 128); 50-Centimes [3], 1926 (Gad 126; 129), very fine to much as struck, scarce [10].

Estimate: £140 - £180