Watch List notes:

Bhutan: Royal Monetary Authority of Bhutan, lot with 22 banknotes 1974-2008, containing 1 Ngultrum 1974 (P.1, aUNC), 1 Ngultrum 1981 (P.5, UNC), 2x 1 Ngultrum 1986 with different signatures (P.12, UNC), 2 Ngultrum 1986 (P.13, UNC), 5 Ngultrum 1985 (P.14, UNC), 10 Ngultrum 1986 (P.15a, UNC), 20 Ngultrum 1992 (P.16b, UNC), 50 Ngultrum 1992 (P.17b, UNC), 100 Ngultrum 1986 (P.18a, UNC), 100 Ngultrum 1994 (P.20, UNC), 10 Ngultrum 2000 (P.22, UNC), 20 Ngultrum 2000 (P.23, UNC), 50 Ngultrum 2000 (P.24, UNC), 100 Ngultrum 2000 (P.25, UNC), 1, 5, 10 and 20 Ngultrum 2006 (P.27-30, UNC), 50 Ngultrum 2008 (P.31, UNC), 100 Ngultrum 2006 (P.32, UNC) and 1000 Ngultrum 2008 (P.34a, UNC). Nice set! (22 pcs.)
[taxed under margin system]