Watch List notes:

GREECE: 25 Drachmas (15.3.1901) in black on orange and green unpt with ancient coin at upper left, portrait of King George at upper right and Arms at upper center. S/N: A027 038052. Early date applied by cachet. Inside plastic holder by PMG "Very Fine 20 - Stamp Cancelled - Ink". (Pick S153a) & (Stratoudakis / Pitidis 251a).