Watch List notes:

Banco de Angola, 20 angolares, 1 December 1944, serial number 431E 00001, lilac on multicolour underprint, man standing at left, fort at right centre, Correia at right, signatures of Anibal de Mesquita Guimares and Francisco Luis da Silva Duerte and Artur de Melo Quintela Saldanha, reverse battle scene, the reconquest of Loanda in 1648, (Pick 79a, TBB B409a), in PMG holder 65 EPQ Gem Uncirculated, a rare number 1 and the scarcer earlier date for type.

Estimate: £350 - £400