Watch List notes:

Banco Nacional Ultramarino, 1945 ND Provisional Issue Banknote. Timor, ND (1945 - old date 1924), 5 Patacas, P-10, Printed on Macao P-8, Issued banknote, Green on yellow underprint, Overprinted "Pagavel Em Timor". PMG graded Very Fine 25, with large margins, sharp corners and bright colors enhancing this rare note. Priced at $1000 in Fine, this beauty is a strong VF. TDLR.

Estimate: 1250 - 2500