Watch List notes:

Banco de Angola, an obverse and reverse composite essay on board for a proposed issue of 500 angolares, 1 March 1927, red serial number 000000, blue and pale pink, waterfall at centre, a portrait of Salvador Correia de Sa e Benevides low right, value at left and at right, reverse dark and light blue, arms at left, value in field, (Pick unrecorded design, TBB B unrecorded design), in PMG holders 63/65EPQ Gem Uncirculated, unique (2).

Estimate: £2,000 - £2,500