Watch List notes:

(x) El Banco de la Republica, Colombia, a progressive proof set of the 1927 issue, including 5, 10 and 20 pesos oro, black and white, each proof with three to four secret printing marks in red circle and enlarged design at margins,, (Pick 376p, 377p, 378p), in PMG holders 60 to 64, all with printers annotations, 5 pesos previously mounted, reverse 10 pesos with tear, obverse 20 pesos with pinhole. A very rare set. ex-Eldorado Collection.

Estimate: £1800 - £2200