Watch List notes:

World proof sets, Belize, 1974 FMP (KM.PS2); British Virgin Islands, 1974 FM(P) (KM.PS2); Papua New Guinea, 1975 FM(P) (KM.PS1); Panama, proof twenty balboas, 1974P, 1975P (KM.31). In cases of issue, last two outer boxes with rust stains, FDC. (5)
($160-180)