Watch List notes:

Banco de Angola, an obverse and reverse composite essay on board for a proposed issue of 5 angolares, 1 June 1944, black serial number A 000000, brown, blue-green and pink, Portuguese farmer with indigenous natives at left, arms top centre, value top left and right and low centre, at right a portrait of General Carmona in red oval frame, reverse red, pale orange and pale blue, arms top centre, monument at right, allegorical female figures representing Portugal and Angola at left, arms top centre, (Pick 77 for similar, TBB B 407 for similar), in PMG holders 67EPQ Superb Gem Uncirculated, 65EPQ Gem Uncirculated respectively, this date not recorded in Pick or the Banknote Book. A De la Rue design, lovely and presumably a final presentation to the bank for approval. Unique (2).

Estimate: £1,200 - £1,600