Watch List notes:

Gibraltar: Very nice and rare set with 4 banknotes of the of the 5 Pounds June 1st 1942 issue, P.16a, printed by Waterlow & Sons, one of them with margin splits and stained paper, all other notes with small graffiti's and some folds but still strong paper and bright colors. Condition: F- to VF. (4 pcs.)
[taxed under margin system]