Watch List notes:

Switzerland 20 Francs 21.2.1929 first day of issue Pick 39a Fine 2 pinholes , 20 Francs 4.12.1942 VF Pick 39L, 5 Francs 22.10.1936 VF Pick 11h and 5 Franc 31.8.1946 Pick 11L EF

Estimate: 40-60 GBP