Watch List notes:

Banque de Madagascar et des Comores, 100 and 5000 francs, 1950, serial numbers Q94 471 & M618 592, 100 francs Merina woman and market at Rova, Antananarivo, reverse, pirogue boats, 5000 francs rice paddy, Joseph Simon Gallieni, Bara girl at right and woman and child at reverse,, (Pick 46a & 49a; Kolsky 825b, 831b), 5000 pinholes at left otherwise good fine, the highest denomination of the series and rare in any grade, the 100 francs uncirculated (2).

Estimate: £200 - £300