Watch List notes:

(x) Banco Internacional, Ecuador, an obverse and reverse proof on card for a 500 sucres, 18- (1886-1894), black and white, Liberty at centre, arms low right, reverse mauve and white, text at centre, value at left and right, (Pick S179 for type), a Waterlow engraving, some foxing, good very fine and very rare.

Estimate: $650 - $950