Watch List notes:

Spain: Banco de Santander, 500 Reales de Vellon, 10.5.1861, serial number 03463, black printing on paper, 4 handsigned manuscript signature, hole punch cancelled,(Pick S393), PMG 62 Uncirculated (Ex. Cid-Pulido Collection, Hole Cancelled).

Estimate: HK$17,000 - HK$24,000