Watch List notes:

Madrid, Spain, 5 pesetas, Alfonso XII (struck in the reign of Alfonso XIII), 1885MP-M, with 18-87 inside stars, encapsulated NGC MS 64, finest known in NGC census. CT-43; KM-688. Nice luster, bits of toning around letters, strong die-polish lines on obverse and minimal marks, scarce and interesting type with frozen main date but posthumous date in stars carries into the reign of the next king (who was born in 1886), this specimen the best of just four in the NGC census. NGC #4488467-001.
($400-600)