Watch List notes:

Banque de Madagascar et des Comores, 1000 and 100 Francs, 14th March 1950 and ND, serial numbers 000967505 and 067470428, 1000 Francs multicolour with woman and man left of centre surrounded by flowers with signatures at far left, reverse, a Malagasy man drives a zebu cart, 100 Francs features Merina woman at right with Antananarivo Revo in the background, reverse, a woman at left with zebu and pirogue boats in the background,, (Pick 46b, 48a, TBB B102b, B104a), 1000 Francs repaired at centre with replaced paper, otherwise very fine with good colour, 100 Francs about uncirculated.

Estimate: £200 - £350