TIMOR. Banco Nacional Ultramarino. 5 Patacas, 1924 (ND 1933). P-6. PMG Very Fine 25.
Overprint on Macau Pick 8. Printed by TDLR. Blacked our overprints, with a Timor overprint on the reverse side. Typical wear accounting for the grade. PMG comments "Minor Rust".
Estimate: $1500.00- $2000.00