Watch List notes:

Belgium: Banque Nationale de Belgique, lot with 9 banknotes, 1914-1929 series, including 5 Francs 1914 (P.74a, G/VG), 5 Francs 1921 (P.75b, F/F+), 100 Francs 1920 (P.78, F, small border tears), 1 Franc 1920 (P.92, XF/XF+), 5 Francs 1923 (P.93, F-, larger stains), 20 Francs 1922 (P.94, F, small missing part lower left), 100 Francs 1921 (P.95, F, small hole at center), 5 Francs 1929 (P.97b, VF+/XF) and 20 Francs 1928 (P.98b, F/F-). (9 pcs.)
[taxed under margin system]