Watch List notes:

Banco Nacional Ultramarino, Angola, 50 escudos, 1 January 1921, red serial number 102972, red-brown, pink and pale blue, Fancisco de Oliveira Chamico at left, steamship seal at right, arms low centre, two printed signatures below, red ANGOLA overprint at top centre, (Pick 60a), in PMG holder 30 VERY FINE, very rare in issued format especially in this grade, no issued examples listed on Track and Price at time of cataloguing.

Estimate: £800 - £1,000