Watch List notes:

Republica Oriental del Uruguay, 20 centesimos (2) and 50 centesimos (3), 1 February 1875, first black on pink paper, Liberty at left, arms at top centre, second black on white paper, cow at left, arms at top centre. (Pick A116, A117), one of each fine to very fine, others about uncirculated (5)

($200-250)