Watch List notes:

(x) Equatorial African States, a progressive proof for the obverse of a 10000 francs, ND (1968), red and orange, Emperor Bokassa at right, arms, antelope skull and hotel in left field, (Pick 7pp1 for type), in PMG holder 35 Choice Very Fine, tears, Archive of Engraver R. Armanelli, 1912-1969, unusual and very rare.

Estimate: £500 - £600