Watch List notes:

(x) El Banco del Estado, Colombia, 5 Pesos, 1 June 1887, E 09674, black on pink underprint with arms at upper left and portraits of bearded gentlemen at left and right centre, reverse values to corners, signature at centre and blue hand-stamp at right,(Pick S450), in PMG holder 10 Very Good NET, Repaired, issued examples very rare in any grade. 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: $550-650)