Watch List notes:

Banco de la Republic Oriental del Uruguay, 10 pesos, 24 August 1896, red serial numbers B 020504, black on blue and orange underprint, sailor at left, Liberty and arms at right, three signatures below, reverse brown and orange, harbour in oval frame at centre, (Pick 5), about extremely fine, original paper and scarce in this grade, 35 the highest grade recorded on Track and Price at time of cataloguing.

Estimate: £400 - £600