PORTUGUESE INDIA. Banco Nacional Ultramarino. 20 Rupias, 1924. P-27s. Specimen. PMG Choice Uncirculated 63.
Printed by TDLR. Palace at center flanked at left and right by ornamental columns. The reverse of the note displays a leaping Tiger at center, with bank name above and below. "20" counters are at left and right of the vignette within intricate designs. Incredibly scarce in any form, and surely missing from the most advanced collection. PMG has graded just four examples of this specimen pick variety at the time of cataloging. PMG comments "Ink, Mounting Residue."
Estimate: $2500 - $5000