Watch List notes:

Paraguay: Set of 2 notes containing 2 Pesos and 4 Pesos ND(1865) P. 22, 24, the first used with folds, border wear and stain in paper (F), the second stronger used with border tears, small holes and tape for fixing the border tears at upper and lower border on back (VG), nice set. (2 pcs)
[taxed under margin system]