Watch List notes:

(x) Bank of the Philippine Islands, 20 Pesos, 1 January 1912, serial number B771, black, woman at left, reverse, tan, signatures, Garcia and Hord,(Pick 9a), ex-Ruth W. Hill Collection, paperclip rust stains on back at right, in PCGS holder 20 Very Fine. 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: $300-350)