Watch List notes:

Guatemala. El Banco Americano de Guatemala. 100 pesos, 26 January 1923, red serial number 04441, black and white with brown underprint, two maidens left centre, three signatures below, reverse brown, also another example as first but serial number 05124, (Pick S114a). very fine and the second worm holes, VG (2). .

Estimate: $150-200