Watch List notes:

Paraguay, Republica del Paraguay, provisional 100 pesos, 26-12-1907, serial 0012159, with black oval overprint dated 11-1-1912, with Junta Fiscalizadora overprint on back, PMG Gem UNC 66 EPQ, "top pop." SCWPM-133; MP-A.A.27. Well centered design with good margins, great paper quality with substantial paper wave and embossing visible. Tied with two others for finest known in the PMG census.

Estimate: $200 - $300