MACAU. Banco Nacional Ultramarino. 5 Patacas, 1976. P-54sp. Specimen Proof. PMG Gem Uncirculated 66 EPQ.
Printed by BWC. Solid zero serial number with single punch cancellation. Ultramarino seal at left with portrait of Bishop D. Belchior Carneiro at right.
Estimate: $400 - $700