Watch List notes:

Banque de L'Indochine, Djibouti 5 francs (2), ND (1945), serial numbers U.9 211737 and U.11 259196, 20 francs, ND (19 February 1945), serial number S15 0393,(Pick 14, 15), 5 francs (2) pressed very fine, 20 francs, very fine (3).

Estimate: £250 - £300