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Auction: 14009 - World Banknotes
Lot: 1118

(†) El Banco de Espana, a registration proof for 25 Pesetas, ND (1931), brown, green and orange underprint only on obverse, lilac and blue underprint only on reverse, watermark of woman in Phrygian cap, one punch hole; also original envelope, used for watermark registration, dated 9 November 1931
(Pick 81 for type) extremely fine, attractive and very rare

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Sold for
£210