Watch List notes:

Ciales, Puerto Rico, Cafe Penonales, 5 centavos scrip, ND (late 1800s-early 1900s), rare, ex-Rudman. Archilla-Diez-PR102. The sole reported denomination from Cafe Penonales; listed as RR (very rare) in Catalogo Numismatico de Puerto Rico. Uniface note printed on thick tan paper with bold black text reading VALE 5c. PARA COMPRAR CAFE PENONALES. XF with a light stain and penned annotation on the back. Pedigreed to the Isaac Rudman Numismatic Cabinet.
($300-600)