Watch List notes:

Banque de l'Afrique Occidentale, 5 francs, Dakar, 1 August 1925, serial number L.2777-927, blue and pale orange, lion top left, allegorical symbols of local trade, signatures of Boyer and Nouvion, reverse pale green, Arabic text,(Pick 5B, TBB B101De2, Kolsky/Leclerc 24), good very fine, scare.

Estimate: £100 - £150