Watch List notes:

(g) Spain, Alfonso XII (1874-85), 25-Pesetas, 1884 (18-84 in stars), ms-m, Madrid, bare head right, rev. crowned shield within Collar of the Order of the Golden Fleece (F.344; KM 687), extremely fine.
provenance
Purchased Seaby, July 1959 - £6.0.0
Estimate: £150 - £200