Watch List notes:

(x) France, Franco-Belgian Railways Administration in Occupied German Territory, a partial set of 8 notes, from 5 centimes to 20 francs, no date (1923), same design of a steam passenger train at top border, different colours, and also 10 francs, Bon de Solitaire,(Pick R1 to R8), very fine to uncirculated, the higher denominations scarce (9).

Estimate: £250 - £300