Watch List notes:

Deutschland - Nebengebiete Deutsches Reich: The States of Guernsey 5 Shillings dated 25th March 1941, Ro.638 / P.19, Serial Nr. A/G 0036, used but still nice with some stains and minor handling traces, Condition: VF. ÷ The States of Guernsey 5 Shillings dated 25th March 1941, Ro.638 / P.19, Serial Nr. A/G 0036, used but still nice with some stains and minor handling traces, Condition: VF.
[taxed under margin system]