Watch List notes:

Banque Centrale, États de l'Afrique Équatoriale, Equatorial African States, 100 francs, ND (1962), serial number K.8 C (Chad) 69095, red-brown and pale yellow, an elderly gentleman of Chad at right wearing an embroidered cap, village with 'cases-obus' at left, signatures of Gautier and Panouillot, reverse brown and multicoloured, elephants,(Pick 3c, TBB B201c, Leclerc-Kolsky 552c), in PMG holder 67 EPQ Gem Unc., numerous examples listed on 'Track & Price' at time of cataloguing with 55 the highest grade listed. Presumably this is a considerably scarcer type than usual.

Estimate: £400 - £600