Watch List notes:

Montenegro: Military Government District Command set with 7 banknotes of the 1914 (1916) handstamped - "Width of CETINJE 16 mm" issue with 2x 5 Perpera P.M13 (F/F+), 20 Perpera P.M15 (F-), 50 Perpera P.M16 (F-), 5 Perpera P.M20 (XF), 10 Perpera P.M21 (aUNC) and 20 perpera P.M22 (aUNC). (7 pcs.)
[taxed under margin system]