Banco Espanol Filipino, watermarked paper (4) as used for the 5 Pesos

Banco Espanol Filipino, watermarked paper (4) as used for the 5 Pesos of 1 January 1904, orange paper, with beautiful coat of arms at centre, bank title and value below and at left and right, perforated SPECIMEN, 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 B310a, Pick A31 for note £340-£400.

Estimate:$455.01

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