Watch List notes:

El Banco de Espana, 1000 pesetas, 1 May 1895, red serial number 380968, black and pale yellow-brown, portrait of Francisco Cabarrus 'El Conde de Cabarrus' in oval frame from a painting by Goya, cherub at left, to right caduceus and cap of Mercury (Commerce), value in field, reverse dark and pale brown, a bust of Carlos II at left in oval frame, cornucopia and lion to left and right (abundance and power)(Pick 45), the first note to depict a Spanish monarch, a solid and original good very fine and rare, especially in this grade.

Estimate: £2,500.00 - £3,000.00