SPAIN. Banco de Espana. 1000 Pesetas, 1907. P-61a. PMG Very Fine 25. Madrid. Watermark of King Carlos I at right. Intricate design at left of Mercury holding globe with olive branches. The reverse displays an intricate design of an allegorical woman at center with sword in left hand with her right hand on the watermark, with a lion at her feet. Good detail of the primary designs for the assigned grade.