Watch List notes:

Spain: 50 Pesetas 1937 Specimen Proof Pick unlisted, highly rare unissued design, printed as proof on thicker paper, uniface back proof, beautiful classic design printed by Calcografia Carte Valori Milano Italy, brown & blue color print of "Fleet of Ships", for more color varieties of the same type of Specimen please see the following items in this catalog, this example in condition: UNC.
[plus 19 % VAT]