Watch List notes:

(x) Equatorial African States, a progressive proof on large format engraved paper for the reverse of a 1000 francs, ND (type of 1963), multicoloured, logging scene, (Pick 5pp2 for type, TBB B203 for type), in PMG holder 65 EPQ Gem Uncirculated, Archive of Engraver R. Armanelli, 1912-1969 and very rare.

Estimate: £420 - £650