Watch List notes:

France: Trésorerie Nationale, Promesse de Mandat Territorial, uncut pair of the 25 Francs Assignat March 18th 1796 with "Série" above signature at left, P.A83b, still strong paper with some folds and a few stains, Condition: VF. (2 pcs. uncut)
[taxed under margin system]