Guatemala
Guatemala, Banco Central, 20 quetzales, 1-2-1945, serial A122748 / 623513, sub-gerente at right, very rare, PMG VF 30, finest known in PMG census.SCWPM-9b.Highest denomination issued in the General Orellana series with the general's portrait at left with Mercury nearby while a quetzal on a pedestal stands at right; the reverse depicts the Palace of the Captain General. Modestly circulated with small edge split in the upper margin, still retaining the bold blue, yellow, and green ink colors as when first printed, a very rare type as evidenced by being tied with three others for finest known in the PMG census.
Estimate: 6000-9000 USD