Watch List notes:

Banque des iles Saint-Pierre & Miquelon, reverse proof 27 francs, ND (1895), green,, (Pick 1 for type), red SPECIMEN overprint at left, minor foxing at right and mounting traces at reverse. Due to shortage of French banknotes in the area, Banque de France authorised the issue of 27 and 54 francs which equals to 5 and 10 Canadian dollars. Only 3 issued notes are known, extremely rare proof.

Estimate: £200.00 - £300.00