Watch List notes:

Spain: Tesoro Real de Espana, 50 Pesos Fuertes L.1837 payment certificate, series C and serial number 3857, handwritten date 01.05.1837 and signatures, P.NL, excellent original shape with embossed seal, just a few minor spots and lightly toned paper, Condition: XF+/aUNC. Rare!
[taxed under margin system]