Watch List notes:

Hungary - Ministry of Finance 1946 issues (6) 50,000 Adopengo Pick 138a NVF, 50,000 Adopengo Pick 139b, 1,000,000 Adopengo (2) Reversed Arms, with serial number Pick 140b and Normal Arms, no serial number Pick 140c, Second issue (2) 100,000 Adopengo (2) Pick 144a and Pick 144e Near Fine to NVF

Estimate: 10-20 GBP