Watch List notes:

(x) Banco Nacional Ultramarino, Angola, 10 centavos, 1 January 1920, red serial number 314397, red-brown, ship at left and right, reverse lilac and brown, value at centre, (Pick 51), about fine, rare and grade presentable for type, only two listed on Track and Price at time of cataloguing.

Estimate: £120 - £150