Watch List notes:

Banque de l'Afrique Occidentale, 5 francs, blue Grand-Bassam handstamp, printed red date 15 February 1904, serial number A.13-237, blue and pale orange, lion top left, allegorical symbols of local trade, signatures of Maurel and Nouvion, reverse pale green, Arabic text, also 5 francs, Grand-Bassam handstamp, ND (1918), serial number C.183-576, as previous but Rostand and Nouvion signatures,(Pick 5D, TBB B101Gc1, Gf1, Kolsky/Leclerc 32a, 33), the first note a pleasing and original good very fine and a rare early date with no examples listed on 'Track & Price' at time of cataloguing. Second note pinholed at left, VG, (2).

Estimate: £350 - £450