Watch List notes:

El Banco de Espana, Spain, specimen 500 pesetas, 7 January 1935, maroon serial number A 0000000, blue, brown, pale yellow, green and lilac, Cortes at left, his palace in Mexico low right, reverse red and violet, painting of Cortes at centre, (Pick 89cts), black oval De la Rue seal in field, in PMG holder, previously mounted, 53 About Uncirculated, and rare.

Estimate: $420 - $580