Watch List notes:

Banco Nacional Ultramarino, Macau, specimen 5 patacas, 16 November 1945, without serial numbers, green and pale pink, arms at left, ornate gatehouse at right, reverse green, ship seal at centre, value at left and right, (Pick 29s, KN Boon 35s), red SPECIMEN overprint, ink numeral top right corner, in PMG holder, previously mounted, 62 Uncirculated, scarce.

Estimate: £400 - £500