Watch List notes:

(x) Treasury of the Saar Protectorate, 5 mark, 1947, serial number A.04505777, pink, blue, lilac and orange, Zeus at centre, value at top left and right, reverse Ceres at centre, (Pick 5, TBB B203a), in Legacy holder 67 PPQ and rare in this top grade.

Estimate: £300 - £400