Watch List notes:

Paper Money - Belgium 4 expl. 1, 5, 20 Francs 1920-1947 PAPEL. 1 Franc 1920, 5 Francs 1930-38 (2), 20 Francs 1947. P 92, 97 b, 108 a, 111. BC- a MBC.
Almost Fine to V. Fine

Estimate: 40 - 60 EUR