Watch List notes:

The Aguan Navigation and Improvement Company, 10 pesos, 25 June 1886, blue serial number B 111, black and pink-red, Bogran at top left, value at top right, steamship low right, reverse green also 50 centavos (3), 1886, red serial numbers, black and pink-red, Bogran at centre, maiden at left, value at right, reverse green. (Pick S101, S105a), first almost fine, presentable enough and scarce, others two fine and one very fine (3)

($400-500)