Watch List notes:

(g) France, 'The Hundred Days', Napoleon Bonaparte (20 March-22 June 1815), 20-Francs, 1815-L, Bayonne, flower, edge lettered, 6.43g, 6h (Le Franc 516A/2; Gad 1025a; Mazard 430; Fb. 523), scuff across portrait and rubbed, otherwise a bolder fine, rare, only 18,332 struck, and at a time following Bonaparte's return from exile on Elba prior to the Battle of Waterloo.
Provenance
The Quinn Collection
Purchased Claude Burgan (Paris) FPL, 29 June 1994, no. 346 - FF800
Estimate: £300 - £400