Watch List notes:

Banco Nacional Ultramarino, Angola, 5 Escudos, 1 January 1921, serial number 006,724, deep grey-green on multicoloured underprint, 10 Escudos, 1 January 1921, serial number 161,664, brown on multicoloured underprint, both with Francisco de Oliveira Chamico at left, steamship seal at right, arms at lower centre, reverse woman looking out at ships(Pick 57, 58), the 5 escudos one horizontal and vertical fold, good very fine, in exceptional grade thus scarce, 10 escudos, about fine (2).

Estimate: £500 - £700