Watch List notes:

Spain: Set of 5 notes containing 25 Pesetas 1938 P. 111 (VF), 50 Pesetas 1938 P. 112 (VF), 100 Pesetas 1938 P. 113 (VF+ to XF-), 500 Pesetas 1938 P. 114a (F-), and 1000 Pesetas 1938 P. 115 (F), nice set. (5 pcs)
[taxed under margin system]