Watch List notes:

Netherlands: Very nice set with 3 progressive proofs for the 2.50 Gulden Zilverbon 1914, P.5, all with cross-perforation, first one shows the finished note with perforation (UNC), second one shows the underprint color and the denomination "2.50" (VF) and the third one shows the underprint color only (UNC). (3 pcs.). Rare!
[taxed under margin system]