Watch List notes:

Banco de Espana, uniface proof 100 pesetas, 1 July 1903, no serial numbers, black and white on watermarked paper, man with spade at left, child with palm branch at right, value at centre and top left and right, (Pick 53sp), in PCGS gold field currency holder, Punch Hole, 62 Uncirculated.

Estimate: £140 - £160