Watch List notes:

(x) El Banco Central del Ecuador, obverse proof mounted on card for a 5 Sucres, ND (1947), obverse proof mounted on card, black on multicolour underprint with woman at centre holding scythe and wheat sheaf, values to either side and corners,(Pick 91p), in PMG holder 64 choice uncirculated. Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyerís Premium. For more information please view Terms and Conditions for Buyers.
(Estimate: $250-350)