Watch List notes:

BULGARIA: 20 Leva Zlatni (ND 1917) in brown on light blue-green and pink unpt. Arms at upper center on face. S/N: "R 181011". WMK: BNB. Printed by G&D. Inside holder by PMG "Choice About Unc 58". (Pick 23a) & (Kraptchev 30a).