Watch List notes:

Montenegro: Kingdom of Montenegro – Military Government District Command, very interesting lot with 16 banknotes, series 1914-1917, comprising for example 50 Perpera 1914 with handstamp "CETINJE" (P.M4, F/F- with tears), 20 Perpera 1914 with handstamp "CETINJE" (P.M10, XF/XF+), for the K.u.K. Militärverwaltung in Montenegro 50 Perper = 25 Münzperper 1917 (P.M153, aUNC), 100 Perper = 50 Münzperper 1917 (P.M154, aUNC) and a few more. Viewing recommended! (16 pcs.)
[taxed under margin system]