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World Paper Money > Ecuador

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Banco de Circulacion y Descuento de Manuel Antonio de Luzarraga
S116 20 Pesos 18xx
Grade: EF    

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Large, punch cancelled proof with MUESTRA overprint. Highest denomination of series; man wearing toga under tree. Small tear top center; couple clear tape pieces near punch cancel and at top right on back. Highly unusual with full stub at left; impressive.

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