Watch List notes:

French Indochina, 100 Piastres, 8.4.1919, serial number M.16 954, handsigned at lower left, Vietnamese man and allegorical woman with a wreath crown at left,(Pick 39), PMG 25 Very Fine (Tear, Pinholes, Minor Rust). A nice attractive high denomination note with only a handful in higher grades..

Estimate: HK$15,500 - HK$25,000