Watch List notes:

500 pesetas. July 24, 1927. No series and numbering prior to 1602000. (Edifil 2021: 327, Pick: 73a). Very rare in this quality, especially with the Alfonso XIII numbering. Uncirculated. PMG64 package. (To get an idea of its rarity, as of July 1, 2022 in the PMG public registry, this banknote is the second best preserved along with 4 other banknotes)