Stack's Bowers & Ponterio
April 2022 Valkenburg Auction 28 Apr 2022
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MADAGASCAR. Banque de Madagascar. 50 Francs, ND (1937-47). P-38. PMG Choice Uncirculated 64.
Watermark of Woman's Head. A highly attractive Choice Uncirculated example of this colorful 50 Francs type. Allegorical women are seen on the front while cherubs are depicted on the reverse.
Estimate: $500 - $1000
Watermark of Woman's Head. A highly attractive Choice Uncirculated example of this colorful 50 Francs type. Allegorical women are seen on the front while cherubs are depicted on the reverse.
Estimate: $500 - $1000