Watch List notes:

Banco de Angola, an obverse and reverse composite essay on board for a proposed issue of 50 angolares, ND (type of 1944), red serial number A 000000, 1 March 1927, red serial number 00000, green, pink and pale orange, arms and caduceus at centre, indigenous native with paddle left centre, value at each corner, Manuel Cerveira Pereira in rectangular purple frame at right, reverse green and pink, the founding of Benguela in 1617 at centre, value at each corner, (Pick 80 for similar, TBB B 410 for similar), in PMG holder. absolutely beautiful. On a board with the logo 'Designed by Bradbury Wilkinson & Co.Ltd.'. Presumably a final presentation to the bank for approval. Unique.

Estimate: £2,000 - £2,500