Watch List notes:

(x) El Banco de Espana, 50 pesetas, 1 July 1884, serial number 157645, black on light tan underprint, portrait of Bartolome Murillo at centre, steamship and steamtrain in ornate tablet at left and right, reverse blank(Pick 30), in ICG holder 50, extremely fine to about uncirculated, very rare.

Estimate: £3500 - £4000