Auction #XXXII, Sessions 1, 2 and 3

Aguan Navigation and Improvement Co., 1886 Issue Banknote. Trujillo, Honduras, 10 Pesos, P-S105, issued banknote, black on red underprint, President Bogran on upper left, ship at lower right, back green, S/N B4479, firm paper body with strong vertical folds on the right, pin holes in all 4 corners, rough edge on left margin with light toning, small edge chips or minute tears in edges and 3 small internal tears or small holes, still an extremely attractive Homer Lee design of a rarely seen higher denomination from this scarce series. HLBNC. First time offered by us.