Watch List notes:

Africa and Asia Grouping. Algeria. Pick 77b VF pinholes, 84 Fine pinholes, 85 VF; Burma. Pick 12 Unc, 17b AU; 6-8) China. Pick 117o Unc, small stain, J91a AU, M32 VG; French West Africa. Pick 30a VF; Iraq. Pick 73 AU; Japan. Pick 30c AU, 53 VF, 65 AU, M15 Unc; Lebanon. Pick 67d Unc; Malaya. Pick M3b Unc, 10b Unc; Netherlands Indies. Pick 119b AU, 120b AU, 126c XF, 130a AU stained; North Vietnam. Pick 28 VF ink, 31 VF, 34 VF; Oceania. Pick 4a Unc; Philippines. Pick 105a Unc, 110a AU, 114a AU, S648 XF; South Korea. Pick 33d Unc; Thailand. Pick 74d Fine, 75d Fine, 76d Fine; Tunisia. Pick 6b VF (34 Notes). Estimated Value $200 - 400