Watch List notes:

Alle Welt: Spain: 50 Pesetas 1940 probably Specimen P. 117(s) with "Inutilizado" perforation at center but regular serial number. The paper is crisp original without holes or tears, there is a slight trace of former attachment to presentation book at right border on back which may lead to the conclusion that this note was meant to be a specimen even it has a normal serial number. Condition: aUNC.