Watch List notes:

Banco Nacional Ultramarino, Timor, an obverse and reverse die proof for a 100 escudos, brown and white and an obverse and reverse die proof for a 500 escudos, black and white, both with printed date '15.4.59' in low margin, both Da Silva at right, arms at centre(Pick 24, 25 for type), good extremely fine and rare (4).

Estimate: £500 - £600