Watch List notes:

(x) El Banco de Espana, Burgos, 5 pesetas, 1938, purple and green, 25 pesetas, 1938, lilac and green and 100 pesetas, 1938, brown and orange, all value at centre and at each corner arms at left, reverse mauve and orange(Pick 110a, 111a, 112a), first in ICG holder 68 Gem Unc, next two extremely fine (3).

Estimate: £200 - £300