Watch List notes:

NegociaciÛn Azugarera Laredo, 5 centavos (2), 10 centavos (2) and 20 centavos (2), 1 January 1918, black and red on tan, blue and yellow underprints respectively, allegorical figures at centre, "Signo de Cambio" at centre. (Pick not listed), presumably some form of political note, interesting and scarce (6)

($400-500)