Watch List notes:

Panama, Banco Central de Emision de la Republica, 1 peso, 1941, popular "Arias" note, finest known in PCGS census, certified PCGS Choice About New 58 PPQ. SCWPM-22a. Series 1941, serial 594366. Popular "Arias Issue" or "Seven Day" note that only circulated for a week from Oct. 2 to Oct. 9, 1941. The notes are nicknamed for President Arnulfo Arias who supported their issue and was deposed via a coup in October of 1941 whereupon the notes were withdrawn and many destroyed. The design features Vasco Nunez De Balboa, the Spanish-born explorer and conquistador who was among those who established Darien Panama. He was also interim governor and the first European to see the Pacific Ocean in 1513. This note type is highly sought after; this particular piece has extremely well-balanced margins and vibrant colors. PCGS #80717795.
($3500-5000)