Watch List notes:

Cali, Colombia, Banco del Cauca, 5 pesos, 16-5-1881, series B, serial 1950, PMG Fine 12 net / repaired, previously mounted, finest known in PMG census. SCWPM-S359a; DP-7836. One of just two in the PMG census with the other being a VG 8 note. This ABNCo-produced series saw extensively circulation in the late 1800s throughout Colombia, making surviving examples scarce. This piece appears to have been saved for some time, as the PMG holder mentions a repair and previous mounting remnants as found on the reverse. Otherwise, the note shapes up well with good obverse color and a nice "1950" serial number. Parra writes that a run of 6,000 notes were produced in December of 1880, numbering from 1 to 6000 while another 8,000 were produced in October of 1884, making this piece among the first issued. PMG #8053596-007.
(200 - 300 USD)