Watch List notes:

Quetzaltenango, Guatemala, Caja Reguladora red serial 21262 overprint on Banco de Occidente, 100 pesos, 15-2-1926, serial 477932, PMG VF 25. SCWPM-S183c. Reissued in 1926 by the Caja Reguladora using notes from the private Banco de Occidente, whose emission rights had ended. Circulated with light soiling and small stains, of note are sharp edges and good printing. One of just five graded by PMG and tied with two others for finest known in the census. PMG #8049394-003.

Estimate: $300-450