Watch List notes:

Belgium: Banque Nationale de Belgique 100 Francs = 20 Belgas 1933-1943 SPECIMEN, P.107s, zero serial number, red overprint "Specimen" and red Specimen number 403, previously mounted with a few minor traces of foreign substance at lower margin on front, otherwise unfolded and perfect, Condition: aUNC/UNC. Very Rare!
[taxed under margin system]