Watch List notes:

Banco Nacional Ultramarino, Macao, specimen 50 patacas, 20 November 1958, serial number 000000, dark blue-grey and green, arms low centre, Luis de Camoes at right, value at centre and at each corner, reverse blue-grey and lilac, maiden and shipping through the ages at centre, arms at left, (Pick 47s, KNB44s1) small printed number top right, red ESPECIME overprint, in PMG holder, previously mounted, 62 Uncirculated, scarce.

Estimate: £300 - £400