Watch List notes:

El Banco de Honduras, a uniface obverse and reverse colour trial 50 Centavos, Tegucicalpa, 27 May 1922, no serial numbers, blue, pale pink, green and orange, church at centre, bull's head at left, value at right and at each corner, three printed signatures below, reverse red, arms at centre,(Pick 28ct), perforated, red SPECIMEN WATERLOW & SONS LIMITED overprint at left and right, in PMG holder 64 choice uncirculated and 58 PPQ choice about unc respectively, very rare (2). Subject to 20% VAT on Buyerís Premium. For more information please view Terms and Conditions for Buyers.
(Estimate: $800-1200)