Watch List notes:

M548s – 5 Pesos El Banco Mercantil de Yucatán, 1898 Espécimen. PMG UNC-64.186 x 85mm. Serie C. Folios en ceros, solamente una firma impresa, horadado. Impreso por American Bank Note Company

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ENGLISH:

186 x 85mm. Series C. Serial numbers in zeros, only one printed signature, pierced. Printed by American Bank Note Company.