Watch List notes:

Banco de Angola, an obverse and reverse composite essay on board for a proposed issue of 100 angolares, 23 April 1947, black serial number A 000000, violet, green and pink, arms supported by cherubs low centre, urn low left and right, value top left and right, portrait of Don Francisco Inocencio de Sousa Coutinho in red oval frame, reverse blue-green, a scene depicting the founding of Benguela in 1617, value at each corner, also a separate die proof of arms attached to board at low right, (Pick 81 for similar, TBB B 411 for similar), absolutely beautiful. On a board with the logo 'Designed by Bradbury Wilkinson & Co.Ltd.'. Presumably a final presentation to the bank for approval. Unique (2).

Estimate: £2,500 - £3,000