Watch List notes:

French Indochina: Pair of two Archive Photographic proofs with 1 Piastre = 1 Dong 1953 front proof with stamp on reverse "DLR-Studio Photographed 18 MAY 1953", P.105 PCGS graded 64 Very Choice New and 10 Piastres front proof ND and P.NL PCGS graded 65 Gem New. (2 pcs.)
[taxed under margin system]