Watch List notes:

France: Banque de France pair of the 5000 Francs 1941/42 "Victoire", P.97c with signatures: Belin / Rousseau / Favre-Gilly (Fay.46.31, 46.35), both in a very nice VF/VF+ condition with tiny pinholes. (2 pcs.)
[taxed under margin system]