Banco Espanol Filipino, watermarked paper (4) as used for the 25 Pesos

Banco Espanol Filipino, watermarked paper (4) as used for the 25 Pesos of 1 January 1904, blue paper, with beautiful coat of arms at centre, bank title and value below and at left and right, in non-numeric PMG holders, rare and lovely, and interesting that these specimens are printed on paper of different colour from the issued notes (4 papers) BNB B312a, Pick A33 for note £340-£400.

Estimate:£340

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