Watch List notes:

Banco de Angola, an obverse composite essay on board for a proposed issue of 5 angolares, 23 April 1947, red serial number A 000000, 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, (Pick 77 for similar, TBB B 407 for similar), in PMG 65 EPQ Gem Uncirculated, absolutely beautiful. On a board with the logo 'Designed by Bradbury Wilkinson & Co.Ltd.'. Presumably a final presentation to the bank for approval which is strange as the issued notes a Waterlow printing, Unique.

Estimate: £1,000 - £1,500