Watch List notes:

Banque d'etat du Maroc, specimen 100 francs, ND (1945-47), serial number O.000, multicolour, French text, Kasbah (fortress) of Ait-Ben-Haddou (a living example of outstanding traditional architecture of the Moroccan culture in the south) at centre, denomination at lower left and right, signature Guessous, Spitzer and Oudot, reverse Arabic text, arabesque pattern, (Pick 20s, TBB B214ds), perforated SPECIMEN, in PMG holder, staple holes, 63 Choice Uncirculated.

Estimate: £200 - £250