Watch List notes:

(x) Treasury Certificate, Philippines, replacement 20 Pesos, ND (1944), serial number F00095252*, black on yellow underprint, Mayon volcano at centre, reverse, tan,(Pick 98*), black VICTORY overprint at reverse, in PMG holder 45 NET choice Extremely Fine, Foreign Substance. 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: $650-850)