Watch List notes:

(x) El Banco de Espana, 25 pesetas, 30 June 1906, black and pale blue, maiden at left, 50 pesetas, 24 September 1906, black and pink and blue, maiden at centre, 100 pesetas, 30 June 1907, black and pale blue, maiden at left and right(PIck 57a, 58a, 59a), very fine (3).

Estimate: £100 - £150