Watch List notes:

El Banco de Espana, 25 pesetas, 31 August 1936, serial number A 6494704, blue, light brown and purple, portrait Joaquin Sorolla at left, church steeple at centre right, also 100 and 500 pesetas of 1931,, (Pick 87b, 83 & 84), 25 pesetas of rarer 'series A', all uncirculated (3).

Estimate: £140 - £160