Watch List notes:

Banque de l'Afrique Occidentale, 5 francs, Porto-Novo, 28 May 1918, serial number L.343-086, blue and pale orange, lion top left, allegorical symbols of local trade, signatures of Rostand and Nouvion, reverse pale green, Arabic text, also a second example dated 10 July 1919, serial number R.652-005, as previous but signatures of Prom and Nouvion,(Pick 5E, TBB B101Pc2, d2, Kolsky/Leclerc 36), fine and VG, scarce types (2).

Estimate: £300 - £400