Watch List notes:

Manizales, Colombia, Banco de Caldas, 20 pesos front proof, 191X (1919-22), PCGS Gem New 65PPQ. SCWPM-S330p; CHPM-6560. Bold embossing and a colorful tint on this private banco face proof mounted on cardstock, two incomplete punch hole cancellations on the signature lines. PCGS #8038600.
($150-$225)