Watch List notes:

GREECE: Specimen of 5 Drachmas (20.5.1916) in black on blue and brown unpt with portrait of G Stavros at left and Arms of King George I at right. Red ovpt "SPECIMEN" at bottom center and two cancellation holes on signatures. S/N: "ΔΣ1751 000000". Signature by Zaimis. Printed by ABNC. Inside holder by PMG "Gem Uncirculated 65 - EPQ". (Hellas 52s) & (Pick 54s).