Watch List notes:

France: Banque de France set with 3 banknotes 5000 Francs 1949/51 "Terre et Mer", P.131a,b,c with signatures: Belin / Rousseau / Gargam // Belin / Cormier / Gargam and Belin / Gouin d'Ambrières / Gargam, all in a nice VF to VF+ condition (Fay.48.1, 48.4, 48.5). (3pcs.)
[taxed under margin system]