Watch List notes:

Banco Nacional Ultramarino, Saint Thomas and Prince, a group of specimens dated 12 August 1946, all without serial numbers comprising 20 escudos, brown, 50 Escudos, dark grey, 100 Escudos, violet, all portrait of Afonso V at right, arms top centre, ship seal at left, reverse allegorical woman looking out at ships, value and arms in ornate guilloches at right, (Pick 32s, 33s, 34s), red ESPECIME overprint, ink numeral top right, in PMG holders, previously mounted, 20 escudos 55 About Uncirculated, 50 escudos 62 Uncirculated, 100 escudos (foreign substance) 61 Uncirculated, scarce (3 notes).

Estimate: £150 - £200