Watch List notes:

(x) Banque de l'Indo-Chine, French Somaliland, 100 francs, Djibouti, 2 January 1920, serial number T.5 310, brown, elephants with mahout at left and right, allegorical figures representing France and India at lower centre,, (Pick 5), in PMG holder 20 very fine, tape repair, small piece added.

Estimate: £50 - £60