Watch List notes:

Banco Nacional Ultramarino, Portuguese Guinea, obverse and reverse stage proofs for a 2.50 Escudos, 2 January 1945, violet, portrait of Joao Texeira Pinto at left, steamship seal at right, value in three corners, reverse violet, sage green and red, arms at top centre, value at lower centre(Pick 26p), mounting traces, typed date '13. 3. 45.' and annotations in top margin on obverse and bottom margin of reverse, otherwise about uncirculated to uncirculated and very rare (2).

Estimate: £150.00 - £200.00