Watch List notes:

Banco de Angola, an obverse and reverse composite essay on board for a proposed issue of 20 angolares, 1 March 1927, red serial number 00000, brown and pale yellow, arms top centre, value low left, portrait of Salvador Correia de Sa e Benevides, value at each corner, reverse brown, value in field, (Pick unrecorded design, TBB B unrecorded design), in PMG holders, 64 and 67 EPQ Superb Gem Uncirculated, unique (2).

Estimate: £2,000 - £2,500