Watch List notes:

China: Very interesting group with 16 postal savings certificates, comprising 5 Dollars 1942 Thrift Movement Saving Coupon P.NL (XF with lightly toned paper) and 15 pcs. of the Special Prize Winning Saving coupons with different Chinese stamps P.NL (XF to AUNC – some with lightly toned paper). Seldom offered set! (16 pcs.)
[taxed under margin system]