Watch List notes:

Banco de Espana, 50 Pesetas, 25th November 1899, serial number C183231, blue on light green underprint, portrait of Francisco de Quevedo at left, value in ribbon at centre, Mercury at right, reverse brown, maiden reclining at left, bearded male head at right, (Pick 50), in PMG holder, 35 Choice Very Fine.

Estimate: £220 - £270