Watch List notes:

Montenegro: Huge lot with 19 banknotes Montenegro Treasury to Austrian Military Government 1912-1917, comprising 2x 1, 2x 2, 5 and 10 Perpera 1912 (P.1, 1 cancelled, P.2, 2 cancelled, P.3b cancelled, P.4b cancelled, F- to F), 1 and 2 Perpera 1914 with cancellation (P.7, 8, F-), 5 and 20 Perpera 1914 (P.9, 11, G/VG), 2x 1, 2, 5 and 10 Perpera 1914 (P.15-18, F to VF), 2x 10 Perpera 1916 (P.M2, M9, F-, F+) and 1 and 2 Perper 1917 (P.M148, M149, F-). Nice lot! (19 pcs.)
[taxed under margin system]