Watch List notes:

(x) Chambre de Commerce de Djibouti, French Somaliland, 50 centimes, 30 November 1919, serial number 11717, blue, signatures Chanel and La Fay,, (Pick 23), in ICG holder, two small paper thins from mounting on reverse, 60* AU/UNC, quite scarce.

Estimate: £500 - £600