Watch List notes:

El Banco de Espana, 25 pesetas, blue, de Herrera at left, 50 pesetas, green, Pelayo at left and 100 pesetas, lilac, Columbus at centre, all 9 January 1940(Pick 116a, 117a, 118a), central crease otherwise about extremely fine (3).

Estimate: £150.00 - £200.00