Watch List notes:

Republica del Peru, 50 soles, 1 September 1881, serial number 45637, blue, arms at top centre, cherubs at left and right, large black oval overprint at reverse centre, also 50 soles, 1 September 1881, serial numbers 14825 and 47686, blue, arms at top centre, cherubs at left and right, large black LEGITIMO stamp and large black oval overprint at reverse centre. (Pick 18, 19), first with small rust holes, fine, others very fine (3)

($250-300)