Watch List notes:

Montenegro: K.u.K. Militärverwaltung in Montenegro, set with 7 banknotes of the 1917 "Münzperper" Convertible Voucher issue with 1 Perper P.M148 (F), 2 Perpera P.M149 (F), 5 Perpera P.M150 (F), 10 Perpera P.M151 (VF), 20 Perpera P.M152 (UNC), 50 Perpera P.M153 (aUNC/UNC) and 100 Perpera P.M154 (aUNC/UNC). (7 pcs.)
[taxed under margin system]