Watch List notes:

Poland: State Loan Bank 500.000 Marek 1923 SPECIMEN, P.36s with red overprint "WZOR" and "Bez wartosci", serial number "Serja D N° 001234 N°567890", punch hole cancellation, minor repair at left border, PMG graded 53 About Uncirculated. Rare!
[taxed under margin system]