Watch List notes:

Banco Central Del Ecuador, 1938 Issued Banknote with Related Proof.Banco Central Del Ecuador, 1938 Issued Banknote with Related Proof. Ecuador, Lot of 2 items, Includes Issued October 27th, 1938, 5 Sucres, P-84b, Overprinted "Delegado de la Superintendencia...", 10,000,000 Sucres Capitalization, Bright colors, sharp corners, large even margins and superior paper quality add to this lovely note which grade Choice to Gem Uncirculated. It is only priced up to XF in SCWPM. Also included is a ND (ca.1940-49) uniface front proof of a similar design as its companion but the note has 20,000,000 Sucres capitalization. Seated allegorical woman in middle, black on m/c, no back proof, Gem Uncirculated.

Estimate: 200 - 400