Watch List notes:

Montenegro, 1912, Perper, AU/UNC; Montenegro, 1912 Perper, AU/UNC, Montenegro - 5 Perpera 1912 (KM15, Mandic17.1a, Dav.223) - Obv: Head Nicholas I right / Rev: Crowned and mantled arms within sprigs / Edge inscription reads from obverse - mintage 40.002 pcs.