Watch List notes:

(x) Republica del Paraguay, specimen 500 Pesos, ND (1920), black on multicolour underprint, classical woman and child at left and ruins of Humaita at left, value to centre, reverse deep purple with arms at centre surrounded by ornamental guilloche,(Pick 148s), in PMG holder 63 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: $400-500)