Watch List notes:

Italy, Biglietto di Stato, 9 note selection, 1944-1951, 5 lire, 1944, #0587 225381, 0587 225936 (WPM 31c), EF.10 lire, 1944, #0594 573202-204 (WPM 32c), light denting and creasing, AU. 50 lire, 1951, #2306 030503, 030504, 030508 & 030509 (WPM 91a), 2 x AU, 2 x NEF.