Watch List notes:

Banco Nacional Ultramarino, Angola, 5 escudos, 1 January 1921, red serial number 728891, black and pink, Fancisco de Oliveira Chamico at left, steamship seal at right, arms low centre, two printed signatures below, red ANGOLA overprint at top centre, (Pick 57a), in PMG holder 35 CHOICE VERY FINE, rare in issued format.

Estimate: £400 - £600