Watch List notes:

Spain: Tesoro Real de Espana, 200 Pesos Fuertes L.1837 payment certificate, series A and serial number 1197, handwritten date 01.05.1837 and signatures, P.NL, very nice with strong but lightly toned paper due to ink corrosion and without folds or other damages, Condition: XF/XF+. Rare!
[taxed under margin system]