Watch List notes:

Republica Portuguesa, Angola, 50 centavos, 1921, black serial number 068493, dark and pale brown, allegorical maiden with plough share text in red, arms low right, also 50 centavos, 1923, serial number 068540, . brown, dockside scene at left, maiden laureate at right, red text, reverse exploration scene, (Pick 62a, 63a), scarce (2).

Estimate: £100 - £150