Watch List notes:

Monaco: Principauté de Monaco set with 5 banknotes comprising 25 Centimes P.2a (F+), 50 Centimes P.3r (completely unfolded, but with larger hole at center), 2x 1 Franc P.4a,b (F, VF) and 1 Franc P.5 (F). (5 pcs.)
[taxed under margin system]