Watch List notes:

France 100 Francs "Merson" Type 1906 modified Pick 86b (Fayette F25.15) dated 14th April 1938 signatures Rousseau & Favre-Gilly block Z.58615 series 494 number 1465373494, Fine with marginal 7mm tear to lower right margin. Multicolour featuring trees with fruit and Allegorical women with children at left and right on obverse. The reverse with a resting blacksmith with hammer and anveil at left and allegorical figures of a child with wreath and olive branch and a woman with cornucopia and ship's wheel at right. France 100 Francs "Merson" Type 1906 modified Pick 86b (Fayette F25.15) dated 14th April 1938 signatures Rousseau & Favre-Gilly block Z.58615 series 494 number 1465373494, Fine with marginal 7mm tear to lower right margin. Multicolour featuring trees with fruit and Allegorical women with children at left and right on obverse. The reverse with a resting blacksmith with hammer and anvil at left and allegorical figures of a child with wreath and olive branch and a woman with cornucopia and ship's wheel at right.

Estimate: 30-55 GBP