Watch List notes:

(x) Schweizerische Nationalbank, 5 franken, 1 August 1913, serial number 2A 094497, (Pick 11a, TBB B305a), Sole top grade examples in PMG Census, one of two examples. In PMG holder 35, minor restoration, Choice Very Fine. A rare first date example in a pleasing grade.

Estimate: £900 - £1,200