Watch List notes:

Testbanknoten: Hybrid testnote "KING LUDWIG" produced on special security paper of Louisenthal and printed by Giesecke & Devrient. This note produced in 2008 shows the famous window feature "Varifeye" at right in the hologram stripe. The note is printed intaglio on real banknote paper with watermark. A beautifully designed testnote in condition: UNC.
[taxed under margin system]