Watch List notes:

Banco Nacional Ultramarino, Timor, a group of specimens of the 1945 issue and comprising 1 pataca, green, 5 patacas, brown and 10 patacas, red, all arms at right, village and huts at left, (Pick 16s, 17s, 18s), red SPECIMEN overprint, in PMG holders, previously mounted, 53 About Uncirculated, scarce (3 notes).

Estimate: £400 - £500