Watch List notes:

Spain: 100 Pesetas 1937 P. 106C, highly rare issue, unissued design, with serial number and signatures, 2 larger repairs at right and 2 border repairs at lower border and stabilized upper left corner, professionally restored, rest of the paper is original with crispness and strong colors, one tiny hole at left, center fold but very rare and seldom seen on the market. Condition: VG+ to F-.
[taxed under margin system]