Watch List notes:

(x) Banque de Syrie et du Liban, Lebanon, specimen 25 livres, 1st September 1939, no serial number, (Pick 29s, Ayoub p.98/99, TBB B213s), purple BILLET SPECIMEN printer's stamps, punch holes, red SPECIMEN overprint, perforated SPECIMEN, in PMG holder, thinning, previously mounted, 50 NET About Uncirculated, rare & attractive.

Estimate: £1300 - £1700