Watch List notes:

Banco Nacional Ultramarino, Macao, specimen 25 patacas, 20 November 1958, serial number 000000, brown, lilac, green and pale blue, arms low centre, Luis de Camoes at right, value at centre and at each corner, reverse brown and lilac, maiden and shipping through the ages at centre, arms at left, (Pick 46s, KNB43s) small printed number top right, red ESPECIME overprint, in PMG holder, previously mounted, 62 Uncirculated, quite rare.

Estimate: £500 - £700