Watch List notes:

Spain Banco de Bilbao unissued remainders (2) comprising 100 Reales de Vellon similar to Pick S251 design as S253 series F number 40248 along with 4000 Reales de Vellon similar to Pick S256 series A number 03248 blue paper. Both retaining left hand side and GVF - EF, possible 1932 stockholder issues

Estimate: 150-300 GBP