Watch List notes:

El Banco de Espana, 25 pesetas, 25 July 1893, serial number 5161806, blue on pale yellow, portrait Gaspar Melchor de Jovellanos in circular frame at left, reverse, medallion at centre, depiction of Hermes at right(Pick 42), a decent enough fine, scarce.

Estimate: £350.00 - £400.00