Watch List notes:

Switzerland, Confederation, 5-francs, Bern mint, reduced size, herdsman type (9), 1931, type I edge legend; 1932; 1933; 1935; 1937; 1949; 1951; 1953; 1954 (KM.40), very fine and better; and Red Cross centenary 5-francs, 1963 (KM.51), mint state (10)

Estimate: 40 - 60 GBP