Watch List notes:

(x) Ministerio de Ultramar, Puerto Rico, 1 Peso, 17 August 1895, 1211563, black on yellow underprint with portrait of bearded man at left and serial number in red at top centre, reverse green with arms at centre,(Pick 7b), Extremely Fine, a pleasing example of a scarce note. 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: $150-200)