Watch List notes:

El Banco Occidental, Republica del Salvador, 1 peso (2), November 1914, series L, serial number 312104, 31 May 1917, series M, serial number 106594, black on red underprint, cherub holding oval frame, value in each corner, reverse dark blue, guilloche pattern, female head at centre. (Pick 172a, Stickney-Almanzar 21a), fine to very fine (2)

($350-450)