Watch List notes:

(x) El Banco de Espana, 50 pesetas, 1 January 1884, red serial number 789592, black and green, maiden with globe, sceptre and urn at left, Juan Alvarez de Mendizabal at right, reverse green, maiden with eagle at centre(Pick 25), in PMG holder 35 Choice Very Fine, scarce.

Estimate: £1600 - £1800