Watch List notes:

Morocco: Banque d'État du Maroc progressive front proof for the 100 Francs 1928-47, P.20 for type on large paper sheet without bank name, date, serial number and denomination, uncirculated condition, just some folds, tears and small missing part at upper right of the paper sheet, but far outside the frame of the proof print, size: 33,5 x 17,5 cm, Condition: UNC.
[taxed under margin system]