Watch List notes:

Banco Nacional Ultramarino, Macau, specimen 1 pataca, 16 November 1945, without serial numbers, blue and pale green, arms at left, ornate gatehouse at right, reverse blue, ship seal at centre, value at left and right, (Pick 28s, KN Boon 34s), red SPECIMEN overprint, ink numeral top right corner, in PMG holder, previously mounted, 62 Uncirculated, scarce.

Estimate: £200 - £250