Watch List notes:

(x) Banque de l'Indochine, Djibouti, specimen 5-Francs, ND (type of 1927), zero serial numbers, green and red on multicolour, specimen 20-Francs, ND (type of 1936), zero serial numbers, mauve and green, both perforated SPECIMEN(Pick 6, 7, TBB BIC B8, 9), uncirculated (2).

Estimate: £550 - £650