Watch List notes:

(x) El Banco de Espana, 50 pesetas, 25 November 1899, red serial number D 262719, blue on light green underprint, portrait of Francisco de Quevedo at left, value in ribbon at centre, Mercury at right, reverse brown, maiden reclining at left, bearded male head at right,(Pick 50), in PMG holder 30 Very Fine, repaired. Scarce.

Estimate: £1000 - £1200