Watch List notes:

France, Banque de France, five francs, 2.1.1912 - 2.2.1917, 763/J.11894 (P.2); Italy, Banca D'Italia, one thousand lire, 1947 - 1950, W3927/073166 (P.34). The first with small edge tone spot, creases and folds with very small centre hole on folds, the second with tears along bottom edge and one other tear, otherwise very fine. (2)