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Auction: 13037 - The Ibrahim Salem Collection of African Banknotes
Lot: 456

(x) Banque de Madagascar, 50 Francs, ND (1948), No. M1010-458, light green and multicoloured, two seated women, the one at left representing Minerva wearing a helmet and holding a shield, the one at the right representing science holding a lit lantern.Reverse:Birds, trees, grapes, three cherubs with flowers, vines & fruit. Bust of Demeter, Greek Goddess of harvest, globes of earth &sky; 1948 type signatures
(LeClerc 811, Pick 38), slightly pressed, otherwise extremely fine

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Estimate
£220 to £260