Watch List notes:

France: Traite du Directeur des Caisses centrales du Trésor Public, Service de l'Armée française, for the French expeditionary force in Mexico 1000 Francs 1865, P.NL (Kolsky 11), extraordinary rare banknote in great condition with larger tear at upper margin, lightly toned paper and a few tiny pinholes. Condition: F
[taxed under margin system]