Watch List notes:

SPAIN, Estado Español (Spanish State). Francisco Franco, 1939-1975. 5 Pesetas 1949 (1950) (Nickel, 31 mm, 15.00 g, 6 h). FRANCISCO FRANCO CAUDILLO DE ESPAÑA POR LA G. DE DIOS Head of Francisco Franco right, 1949 below. Rev. ✱ CINCO ✱ PESETAS Eagle behind crowned arms between the Pillars of Hercules. KM 778. Good extremely fine.