Watch List notes:

Philippines, Central Bank of the Philippines, 500 pesos, ND (1949), certified PMG VF 30 - Annotation. SCWPM-124b. Serial F00127411, Central Bank overprint on "VICTORY" series note. General circulation wear with contemporary "3" pen annotation on the obverse and some margin staining but a bold red overprint on the reverse. PMG #8033949-002. (Estimate: $1000 - 1500)