Watch List notes:

Popayan, Colombia, Banco del Estado, 20 centavos, 23-2-1900, series E, serial 611629, PMG XF 40 net / previously mounted, small tears, annotation, only example in PMG census. SCWPM-S492; CHPM-8063. Two POCs. Small denomination, locally printed note for circulating during the Thousand Days' War. Bold ink throughout including the pink serial number and the purple Banco stamp on the reverse. Very rare type note with almost no appearances on the market. PMG #8043638-004.

Estimate: $600-900