Watch List notes:

(x) El Banco de Espana, specimen 400 escudos, Madrid, 1 January 1866, green on lilac paper, standing maiden (Spain) with spear, shield and lion, ship in background, at left, cherub in circular panel top centre, bank title in ornate panel at centre(Pick unlisted), with counterfoil, in ICG holder 60, About Uncirculated/Uncirculated, extremely rare and most attractive.

Estimate: £9000 - £11000