Watch List notes:

Banque de l'Afrique Occidentale, 5 francs, handstamp Saint-Louis, 16 February 1904, serial number G.14-338, blue and pale orange, lion top left, allegorical symbols of local trade, signatures of Maurel and Nouvion, reverse pale green, Arabic text,(Pick 5F, TBB B101Sa1, d2, Kolsky/Leclerc 40), VG, rare.

Estimate: £300 - £400