Watch List notes:

(x) Banco de Valparaiso, Chile, obverse and reverse proof of 20 Pesos, 2 July 1877, black on pink underprint, dog's head at upper left, allegorical woman at left and right of shield at centre right, reverse, two allegorical women at centre with eagle,(Pick S490p), both in PMG holder 64 Choice Uncirculated (2). 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)