Watch List notes:

(x) Banco de Espana, a group of progressive proofs for 500 pesetas, 1928, including an obverse printer's model without underprint, an obverse underprint with red, green and blue, an obverse proof orange and pink, an obverse proof with a combination of the previous two proofs, a reverse proof without underprint, (Pick 77pp1, TBB B521p), combined obverse underprint proof previously mounted, all in PMG holder 63, 64 Choice Uncirculated, rare and interesting (5 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