Watch List notes:

Bogota, Colombia, Banco Lopez, 5 pesos, 1-5-1919 overprint on Banco del Ruiz, 5 pesos, 1919, serial A16431. SCWPM-S575b; CHPM-8654. Fine with some stains and small edge pieces missing, two punch holes at left to denote years 1920 and 1921, rare type without a PAID roulette perforation cancellation in the center.

Estimate: $300-450