Watch List notes:

Banque de l'Afrique Occidentale, 100 francs, Dakar, 24 September 1926, serial number L.165-428, red and pale green, sun setting over the sea, elephants low left and right, signatures of Boyer and Nouvion, reverse pale brown,(Pick 11Bb, TBB B105Dd, Leclerc/Kolsky 108), in PMG holder 30 Very Fine.

Estimate: £250 - £350