Watch List notes:

(x) Banco de Espana, a group of progressive proofs for 50 pesetas, 1928, including a obverse printer's model without underprint, a obverse proof of underprint in green and orange, a obverse proof of underprint in pink and blue, a obverse proof of underprint in a combination of colours from the previous two notes, a reverse proof of underprint, a reverse proof with overprints design only, (Pick 75pp, TBB B519p), in PMG holders 63, 64 Choice Uncirculated, all previously mounted apart from obverse printer's model, all with printer's annotations, rare and interesting (6 notes). Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium. Not applicable to "Buy Now " offerings. For more information please view Terms and Conditions for Buyers.

Estimate: £ 2000 - £ 2500