Watch List notes:

Colombia, Banco Lopez, 5 pesos Cedula Hipotecaria issue, 1-5-1919, punch-hole cancelled, on a El Banco del Ruiz, 5 pesos, 1-8-1919, serial A21505. Pick-S575b; DPA-8654. Fine note with no issues, unpriced in any grade in the Standard Catalog. ($200-300)