Watch List notes:

Zambia: 20 Kwacha ND(1974) uniface PROOF P. 18p. This proof is a security designers proof which was not printed on sheet but single on one larger piece of paper, what caused larger margins. The note is printed intaglio but without underprint or watermark on banknote paper. Seldom seen like this and a great addition to any collection. Condition: aUNC.
[taxed under margin system]