Watch List notes:

Belgium: Highly rare group of 9 archive photographic essyays for front and back of an unissued 100 Francs 1944, another photographic essay for the reverse of a 100 Francs and 20 Francs, two photographic essays for the 500 Francs = 100 Belgas 1941 (like P.109) and a group of 12 hand drawings on parchment paper with sketches and partial drafts of various Belgian banknotes. Extraordinary Rare and probably unique. (21 pcs.)
[taxed under margin system]