Watch List notes:

Banco de Angola, an obverse and reverse composite essay on board for a proposed issue of 20 angolares, 1 January 1955, black serial number 1A 000000, 1 March 1927, red serial number 00000, purple, pink and pale blue and lilac, Portuguese cross left centre, arms top centre, Marques de Sa da Bandeira at right, value at top left and right and low right, reverse purple and pale blue and pink, lion resplendent at left, Portuguese cross at right centre, (Pick 80 for similar, TBB B 410 for similar), in PMG holders, both 67 EPQ Superb Gem Uncirculated, an unadopted design, lovely and unique and probably a final (unsuccessful) presentation to the bank for approval. Unique. In 1956 the 20 escudos featured a portrait of Porto (2).

Estimate: £2,500 - £3,000