Watch List notes:

Trujillo, Honduras, Aguan Navigation and Improvement Company, 50 centavos, 25-6-1886, serial E22949, PMG Choice XF 45. SCWPM-S101. The Aguan Navigation & Improvement Company attempted to build an Atlantic-Pacific canal through Honduras but folded before the project could be realized. Many notes were circulated and later redeemed, making problem-free examples like this one very scarce. PMG #8053596-011.

Estimate: $100-150