Watch List notes:

(x) El Banco de Espana, a printers archival composite obverse and reverse essay for a proposed issue of 50 pesetas, Madrid, 1 July 1931, blue and multicoloured, value at centre and at each corner, helmeted female head at right, ornate background detail, reverse grey, pale green and pink, helmeted male head at centre, value at left and at each corner(Pick unrecorded type), both sides graded PCGS Currency 63 Choice New. Unique and very striking (2).

Estimate: £6000 - £8000