Watch List notes:

(x) El Banco de Espana, a printers archival specimen 20 escudos, Madrid, 1 January 1866, no serial numbers, mauve and green, maiden (Spain) at left with shield and lion, cherub top centre with scythe and corn sheaf, medallic female head at left and right centre, counterfoil at left, reverse mauve and green, inverted text and value(Pick unlisted, Edifil B14s for similar), PCGS Currency 64 Very Choice New, residue on obverse, one tiny pinhole. Beautiful and excessively rare, a lovely banknote.

Estimate: £7500 - £9500